The next four questions are related to your purchase of your first home for $500,000. You have just purchased the house and have put a 20% down payment, and will borrow the remaining amount. The 15-year fixed rate loan has an Annual Percentage Rate (APR) of 3.75%. You will make monthly payments for the life of the loan 04: Your effective interest rate is closest to which of the following? Select one: O a. 3.687% O b. 3.750% O 0.3.880% O d. 3.815% 05. How much is your monthly payment? Select one: O a $1,500 to $2,000 O b. $2.000 to $2,500 c. Less than $1.000 O d. More than $2.500 ... $1.000 to $1.500 9 MacBook Pro * 30 888 bu % A 2 $ 4 3 5 6 & 7 8 1 0 9 Q W E R T Y U 1 0 4 S D F G H J J L Z C V B N M. #