Julie is going to purchase a condominium for $150,000. She will put $15,000 down and, therefore borrow $135,000. She is considering two different 30-year mortgages: Mortgage 1: Pay 0 points and receive an interest rate of 5.00% per year compounded monthly Mortgage 2: Pay 2 points and receive an interest rate of 4.25% per year compounded monthly (a) What would the monthly payment be on each mortgage? (5 points) (b) What effective interest rate would Julie pay on Mortgage 2? If you cannot solve for this value exactly, setup an equation that could be solved, perhaps numerically, to find this interest rate. (15 points)