9. You wish to get a fully amortizing 20 year fixed rate mortgage with quarterly payments for $1,000,000. t the annual interest rate is 4.00%, compounded quarterly, what will the quarterly mortgage payment be? Note: there are 4 quarters in a year 10. Ann gets a fully amortizing 30 year fixed rate mortgage with monthly payments for interest rate is 3.50% compounded monthly. What will be Ann's loan balance after her 120 $1,000,000. The annual pa Ann makes exactly the required monthly payments)? yment (assuming In question 10, what fraction of the 121th payment will go to principal? 12. (3 points) Ann gets a fully amortizing 30 year fixed rate mortgage with guarterly payments for $1,000,000. The annual interest rate is 4%, compounded quarterly, and Ann must pay 1 point in closing costs. She prepays the mortgage in 1 quarter (ie. she makes one quarterly payment and immediately after that she repays the remaining balance). What is Ann's true APR? (make sure your answer is annualized) Note: if this question looks hard, skip it now and get back to it after you have done all other questions