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You borrowed money from a bank using a mortgage loan for the specified amount 700000. debt will be paid in equal monthly installments within the

You borrowed money from a bank using a mortgage loan for the specified amount 700000. debt will be paid in equal monthly installments within the specified years 2. Our debt to the bank is 837.750 euro. a. Determine the values of different types for the borrowing rate (mortgage loan rate) i. Annual effective interest rate, ii. Annual nominal interest rate, iii. Three years nominal interest rate , iv. 8-month effective interest rate b. Form monthly debt payment table, c. Prepare the monthly debt payment table in case you restructure your remaining debt at 0.5% lower than the used borrowing rate after the specified 5 months.

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