Question: 3 0 0 , 0 0 0 mortgage ( zero down - payment ) . Maturity 1 5 years 2 0 years 3 0 years

300,000 mortgage (zero down-payment). Maturity 15 years 20 years 30 years
Spot Rate 5.56%8%6% 1. What will be your monthly mortgage payment if you pick the 20-year mortgage (assume monthly compounding)?
2. What will be your monthly mortgage payment if you pick the 30-year mortgage (assume monthly compounding)?

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