Question 16 4 pts Please calculate monthly mortgage payments at the beginning of the mortgage for a 3% fixed-rate, 30-year mortgage. You are buying a $750,000 home and putting down 30%. Question 17 4 pts What is the effective annual yield on the prior mortgage? Question 18 4 pts Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed- rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. Question 19 2 pts The prior problem gave this information: Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed-rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. What's the $ value of the points? Question 20 4 pts The prior problems gave this information: Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed-rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. What is the effective annual yield on this mortgage? Question 21 4 pts To evaluate the two mortgages, how long in months would you have to stay in the house for it to make sense to pay the points? For this question, please assume the following: 30-year mortgage, 3% fixed-rate, total points paid of $12,000, and monthly savings of $150. PLEASE NOTE: these values may be different than what you calculated in the prior questions. I've done that so no one should have an error on this because they had a bad calculation on one of the prior questions. Question 16 4 pts Please calculate monthly mortgage payments at the beginning of the mortgage for a 3% fixed-rate, 30-year mortgage. You are buying a $750,000 home and putting down 30%. Question 17 4 pts What is the effective annual yield on the prior mortgage? Question 18 4 pts Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed- rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. Question 19 2 pts The prior problem gave this information: Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed-rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. What's the $ value of the points? Question 20 4 pts The prior problems gave this information: Please calculate the monthly mortgage payments at the beginning of the mortgage for a 2.5% fixed-rate, 30-year mortgage. You are buying a $750,000 home, putting down 30%, AND paying 2 points. What is the effective annual yield on this mortgage? Question 21 4 pts To evaluate the two mortgages, how long in months would you have to stay in the house for it to make sense to pay the points? For this question, please assume the following: 30-year mortgage, 3% fixed-rate, total points paid of $12,000, and monthly savings of $150. PLEASE NOTE: these values may be different than what you calculated in the prior questions. I've done that so no one should have an error on this because they had a bad calculation on one of the prior questions