Question 6 4 pts You purchase a $450,000 house and you pay 25 percent down. You obtain a fixed-rate mortgage where the annual interest rate is 4.25 percent and there are 360 monthly, end-of-month payments. What is the monthly payment? $1,660.30 $1,770.98 None of these options are correct. $1,549.61 Question 17 4 pts A financial institution buys a $500 million cap of 7 percent at a premium of 0.75 percent of face value. In addition, it sells $500 million floor of 3 percent at a premium of 0.70 percent of face value. If interest rates falls to 2.5% what is the net profit of the financial institution? No answer text provided. gain of $2,000,000 loss of $2,750,000 gain of $2,750,000 loss of 250,000