You just bought a house and get a $450,000 mortgage with a nominal rate of 4.3% per year compounded monthly for 30 years.

A) What is the effective interest rate?

B) Show the yearly amortization table for the first 5 years (Ex: principal and

interest paid at the end of year 1, 2, ... 5).

C) What will be the total amount you will pay (principal and interest) at the

end of the 30 years?

D) Name 2 actions you can take to pay less interest.