Question: QUESTION 2 A borrower takes out a 1 0 - year mortgage loan for $ 4 8 9 9 4 4 with an interest rate

QUESTION 2
A borrower takes out a 10-year mortgage loan for $489944 with an interest rate of 9%. What would the monthly payment be?
QUESTION 3
A borrower has a 24-year mortgage loan for $373502 with an interest rate of 7% and monthly payments. If she wants to pay off the loan after 9 years, what would be the outstanding balance on the loan?
QUESTION 4
A borrower takes out a 30-year mortgage loan for $119920 with an interest rate of 13% and monthly payments. What portion (dollar amount) of the first month's payment would be applied to interest?
QUESTION 2 A borrower takes out a 10-year mortgage loan for

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