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Please anwser both questions 4. Charlie has just bought a house with a 20 -year, 6%,$70,000 mortgage on which he is paying $629.81 per month.
Please anwser both questions
4. Charlie has just bought a house with a 20 -year, 6%,$70,000 mortgage on which he is paying $629.81 per month. If Charlie sells the house after 8 years, how much must he pay the bank to completely pay off the mortgage at the time of the 96th payment? 5. Morin Company's bonds mature in 20 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's price
Please anwser both questions
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