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You take out a residential mortgage from Trump Trust, a new Toronto financial institution. The mortgage has an announced annual rate of 0%, fixed over

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You take out a residential mortgage from Trump Trust, a new Toronto financial institution. The mortgage has an announced annual rate of 0%, fixed over its five year term to maturity, and an initial balance of $1,000,000.00. The mortgage is of the constant amortization type and is fully amortized its five year term to maturity. Which of the following is true? O The monthly coupon rate on your mortgage is approximately 55%. Your unpaid principal balance on your mortgage immediately after your coupon payment in month 49 is approximately $716.468.67 O The amortization portion of your coupon payment in month 36 is $16,666.67 O Your entire coupon payment in month 2 is $1.666.67 The monthly coupon rate on your mortgage is approximately 1.10%

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