Estimate the total mortgage payment and interest payment

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Reference no: EM132010516

1. 15 yaer 200,000$ mortage has fixed rate of 10%. estimate the total mortgage payment and interest payment in the second month. ( show work)

2. What is the value of a bond that has an 8% coupon (annual payments), a 4-year maturity, and a principal of $1,000, if yields on similar securities are 10%.

Reference no: EM132010516

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