You are developing new financial products for a FinTech startup and invent DayMo, a new 30- year mortgage with daily, rather than monthly payments. Other than the frequency of payment, the mortgage is standard (constant payments that completely pay off the mortgage after 30 years). Your CFO tells you that you can offer the loan at a 7.3% APR. Throughout this problem, you may assume that a year contains 365 days and ignore leap years. Question 1 Compute the daily payment on a DayMo mortgage with an initial principal balance of $500,000.