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Problem 6 Intro You are about to take out an amortizing mortgage (term loan) for $410,000 with monthly payments to buy a house. The interest

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Problem 6 Intro You are about to take out an amortizing mortgage (term loan) for $410,000 with monthly payments to buy a house. The interest rate is quoted as an APR. B 410,000 1 Amount 2 Term (years) |3 Quoted interest rate 10 0.042 | Attempt 1/10 for 10 pts. Part 1 What is your monthly payment? No decima Submit Part 2 | Attempt 1/10 for 10 pts. What is the effective annual rate on the loan? 4+ decima Submit

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