Question: Answer the following THREE questions based on the information provided below: You borrowed $300,000 for your new house with a 15-year fixed-rate loan at an

Answer the following THREE questions based on the information provided below:

Answer the following THREE questions based on the information provided below: You borrowed $300,000 for your new house with a 15-year fixed-rate loan at an annual interest rate of 4.5%. The first mortgage payment is due exactly one month after you signed the contract. Your monthly mortgage payment is $1,520.06 $3,059.97 $2,520.06 $2,294.98

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