You took out some student loans in college and now owe $14,000. You consolidated the loans into one amortizing loan, which has an annual interest rate of 4% (APR). Attempt 1/3 for 10 pts. If you make monthly payments of $200, how many months will it take to pay off the loan? Fractional values are acceptable. Intro Consider a loan for $18,685 that is paid off in 15 yearly payments of $2,000. Attempt 1/3 for 10 pts. What is the interest rate? You took out a mortgage for $500,000. You need to pay $4,550 every month for 15 years. Part 1 Attempt 1/3 for 10 pts. What is the monthly interest rate? BankMart Inc. recently issued bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 2%. Your required rate of return is 7%. Hint: This bond pays a fixed amount of coupon at the end of each period and pays the par value when it matures. annual coupon payment = par value " annual coupon rate - Attempt 1/3 for 10 pts. What is the maximum price you want to pay for the bond