Mortgage 1: Suppose you bought a house for $500,000 and put 20% down. You were quoted with a 12% annual (1\% monthly) rate, and payments of $4200 per month. This means your original mortgage balance will be $ (round to the nearest dollar, no commas or dollar signs please). QUESTION 13 Mortgage 2: Suppose you bought a house for $500,000 and put 20% down. You were quoted with a 12% annual (1\% monthly) rate, and payments of $4200 per month. This means your mortgage balance after 3 payments will be $ (round to the nearest dollar, no commas or dollar signs please). QUESTION 14 When a junk bond is priced such that its expected return is less than that of a U.S. Treasury, there will be excess for that bond and the bond's price will supply; fall demand; fall supply; rise demand; rise None of the above