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Question 3 1 pts You take out an 28-year mortgage for $205,961 with an interest rate of 6.61% APR com- pounded monthly. The first payment

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Question 3 1 pts You take out an 28-year mortgage for $205,961 with an interest rate of 6.61% APR com- pounded monthly. The first payment is next month. What are your monthly payments? Question 4 1 pts You need to fund a payment of $20,909 due in 20 months. If your investment account pays 4.07% APR compounded monthly; how much do you have to deposit today to fully fund this payment

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