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Q22) You purchases a house for $119,712.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a
Q22) You purchases a house for $119,712.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 6.18%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? (2 points) Q23) A 1,000 par value bond that pays interest annually just paid $76.00 in interest. What is the coupon rate? (1.5 points)
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