The market price of a semi-annual pay bond is $976.57. It has 23.00 years to maturity and a yield to maturity of 7.33%. What is the coupon rate?

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#4

Derek borrows $319,301.00 to buy a house. He has a 30-year mortgage with a rate of 4.48%. After making 100.00 payments, how much does he owe on the mortgage?