You purchase a house for $120,864.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30-year mortgage with an annual interest rate of 5.37%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?

2. A 1,000 par value bond that pays interest annually just paid $61.00 in interest. What is the coupon rate? Please answer as a percentage (%).

3. An 9.79% coupon, 17.0 -year annual bond is priced at $959.00. What is the current yield for this bond? Please answer as a percentage (%).

When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.

Answer rating: 100% (QA)

1 To find the monthly mortgage payment first calculate the loan amount Loan amount Purchase price Do... View the full answer