Question 6 2 pts Max is planning to buy a house. After some negotiation, Max agrees to pay $500,000 for the house. Being short of cash, Max is going to take a 30-year monthly compounding mortgage from his bank with an APR of 6%. The bank is willing to lend 80% of the house price to Max if Max can pay for the rest 20% of the house price and the closing cost (5% of the loan amount) with cash. What is the monthly payment? $2.997.75 $2.278.39 $2,398.20 O $1,599.55 O $3,308.22 Question 7 2 pts Max is planning to buy a house. After some negotiation, Max agrees to pay $500,000 for the house. Being short of cash, Max is going to take a 30-year monthly compounding mortgage from his bank with an APR of 6%. The bank is willing to lend 80% of the house price to Max if Max can pay for the rest 20% of the house price and the closing cost (5% of the loan amount) with ch