10. Will the effective wrote ever be equal to the simple (quote) alexplain 11. You are how to buy a home the purchase price of the property is 520,000 and you are paying 20% of that amount as a diven payment and ficheide. Your mortgage loans are 30 years of mathly payments and rate of 2.90% De no interie rounding on the calculated monthly interest rate (A) How much are your monthly more? 10. Will the effective annual rate ever be equal to the simple (quoted) rate? Explain. 11. You are about to buy a home; the purchase price of the property is $260,000 and you are paying 20% of that amount as a down payment and financing the remainder. Your mortgage loan terms are 30 years of monthly payments at an annual rate of 3.90%. Do no interim rounding on the calculated monthly interest rate. (a) How much are your monthly mortgage payments? 4