A mortgage loan of $5.2 million is to be paid in 19 years using… A mortgage loan of $5.2 million is to be paid in 19 years using equal monthly payments and the interest rate is 5.94 percent. What would be the monthly payment?After 7 years: the interest rate decreases by 0.9 percent. What would be the new monthly A bond with 24-year maturity was issued 6 years ago. Face value of this 10.85% semi-annual coupon paying bond is $1,000. Analysts find that the current yield to maturity of this bond is 12.97 percent. Show your workings and find the value of this bond. Compare this value against the face value of the bond and write your comment to explain the difference, if any. (Use max 100 words for the explanation).AccountingBusinessFinancial Accounting
