Question: answer only 2 and 3 correct and explain. Q1: Recall that last week we considered Natasha buying a new house and taking a mortgage from

answer only 2 and 3 correct and explain.

answer only 2 and 3 correct and explain. Q1: Recall that last

Q1: Recall that last week we considered Natasha buying a new house and taking a mortgage from Bank S. She obtains an interest rate of 4% and will make 20 equal payments - $20,000 per year - for the next 20 years. Question 1 When will Natasha need to make her first loan payment? Beginning of year 1 O Middle of year 1 End of year O End of year 1 Question 2 Now Natasha is offered with another mortgage option. Bank C loans her $270,000 with interest rate of 4%. And Natasha is expected to repay in 20 equal end of year payments if she switched her mortgage option. She now wants to know the amount of the equal payments. What would she need to solve for? G A Question 3 What is the amount of these 20 equal payments offered by Bank C? Round to the nearest dollar

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