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Problem 2 Consider a $100,000 mortgage paying a fixed annual interest rate of 4% which is compounded monthly. What are the monthly repayments if the

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Problem 2 Consider a $100,000 mortgage paying a fixed annual interest rate of 4% which is compounded monthly. What are the monthly repayments if the mortgage is to be repaid in 20 years? (Just leave your answer as a sum expression. No need to find the actual number.) Problem 3 Let P1 and 2 be the current prices of two assets, and suppose that we know with certainty that their prices q1 and 99 at some point in the future satisfy 41 93. (a) Show that p1

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