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Question 1 5 pts A large investment bank wants to buy your mortgage from the local credit union. The original balance of your 30-year fully

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Question 1 5 pts A large investment bank wants to buy your mortgage from the local credit union. The original balance of your 30-year fully amortizing mortgage was $400,000. The loan was originated 5 years ago with monthly payments at a 4.25% percent interest rate. Interest rates have dropped to 3.00%. How much should the large investment bank be willing to pay for the mortgage? 363,231 378,880 436,600 414,954 400,000

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