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Question 6 (1 point) You found your dream house. It will cost you $300000 and you will put down $55000 as a down payment. For

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Question 6 (1 point) You found your dream house. It will cost you $300000 and you will put down $55000 as a down payment. For the rest you get a 30-year 5.0% mortgage. What will be your monthly mortgage payment in S (assume no early repayment)? Your Answer: Answer Question 7 (1 point) A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $1250 in 3 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 2%. How much can you lend her today

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