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XOD Question 13 13 You are looking at buying a mortgage from a lender. They have 28 years left on a 30-year fixed-rate mortgage with

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XOD Question 13 13 You are looking at buying a mortgage from a lender. They have 28 years left on a 30-year fixed-rate mortgage with a monthly payment of $2000 They are selling the mortgage for $440,000 What is the implied market annual interest) rate of return on the mortgage? Please put your answer in percentage with two decimal places for instance put 7.63 for 7.63%. Please enter a positive value. 9 pts Question 14 14. You originally borrowed $300,000 to purchase your home with a 30-year fixed-rate mortgage at a 4.5% annual rate with monthly compounding After 8 years of mortgage payments, what would be the mortgage balance on your home? (In other words, how much of the mortgage still needs to be paid?) Please enter a positive value and two decimal places

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