Question: need help with question 4 and 5 4. Mr. And Mrs. Smith bought a house priced at $ 400,000 with the condition that they have

need help with question 4 and 5

4. Mr. And Mrs. Smith bought a house priced at $ 400,000 with the condition that they have to make a down payment of $ 60,000 and borrow the balance at the rate of 8.4% compounded monthly for 30 years. a) Calculate the monthly payment. b) Calculate the Total interest paid over the life of the loan c) Calculate the EQUITY after 10 years. 5. A bond has a face amount of $ 100,000 and matures in 15 years. At a price of $ 86166.3734, the bond earns a yield rate of 8% compounded semi-annually. What is the nominal rate of interest compounded semi-annually for this bond

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