Question: Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What will be Ann's mortgage balance after 20

 Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with

Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What will be Ann's mortgage balance after 20 years of payments (ie after 240 months)? Write the answer as a number rounded to two decimals (e.g. if you get $50,66666, write 50.67 ). QUESTION 7 Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What percent of Ann's 20 th payment goes to interest? Write your answer as a percent rounded to two decimal points without the \% sign (e.g. if you get 5.6499%, write 5.65). QUESTION 8 Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000 at 4.38%. What percent of Ann's 20 th payment goes to principal? Write your answer as a percent rounded to two decimal points without the \% sign (e.g. if you get 5.6499%, write 5.65)

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