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Question 14 ot yet wered ked out of question For a mortgage of $376,000 borrowed for a home, the mortgage rate is 9 percent (APR
Question 14 ot yet wered ked out of question For a mortgage of $376,000 borrowed for a home, the mortgage rate is 9 percent (APR semi-annual compounding) and you will pay it off monthly over 30 years. Please keep 4 decimal places in all your calculations of interest rates in the form of 0.1234% for this question. Keep 2 decimal places in all other calculations a) Calculate the monthly rate on your mortgage b) Use your answer from a) to calculate your monthly payments to your mortgage c) If you mortgage is up for renewal in 4 years, how much is still owed at the end of year 4? W
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