Question: ( 5 ) Assume a 3 0 - year mortgage loan for $ 2 5 0 , 0 0 0 for 3 0 years at

(5)

Assume a

30 -

year mortgage loan for $

250, 000

for

30

years at an annual rate of

6 % .

What would be your fixed annual and monthly payments? Enter the inputs into the appropriate cells in column B and set this up so that your answers are displayed as positive values. Round all values to two places after the decimal point.

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