Question: FINANCE With a 20% down payment requirement, a house value is $600,000 and a thirty-years mortgage is 5% per year, what is the monthly payment

FINANCE

With a 20% down payment requirement, a house value is $600,000 and a thirty-years mortgage is 5% per year, what is the monthly payment of the house?

2. An annual coupon payment corporate bond with coupon rate of 4% face value of $1,000 and maturity of 20 years. If the bond's yield to maturity is 5%, what is the price of the bond selling?

A. $1,000

B. $875.28

C. 970.25

D. 1026.40

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