You wish to get a fully amortizing 20-year fixed rate mortgage for $100,000 with monthly payments. If the interest rate is 3%, compounded monthly, what will the monthly mortgage payment be? 1 points Save Answer QUESTION 11 Ann gets a fully amortizing 30-year fixed rate mortgage with monthly payments. The initial balance is $100,000. The interest rate is 4%, compounded monthly. What will be Ann's loan balance after her 240th payment (if Ann makes exactly the required monthly payment for 20 years)