Please sign into https://myap.collegeboard.org/login  to acc…

Please sign into https://myap.collegeboard.org/login  to access your resources.  You can also log in at:  https://apcentral.collegeboard.org/ Please complete the AP Classroom quiz entitled Practice Exam 1 while being proctored by Honorlock Once you have completed the quiz, please submit, “I have completed the quiz” in the text entry for this Canvas assignment. ***If you do not see the quiz, you may have to go to:   a. “Resources & Assignments”   b. Then choose “Assigned Resources”

a.  Calculate the monthly payment on a 30-year mortgage in t…

a.  Calculate the monthly payment on a 30-year mortgage in the amount of $250,000 at 6%.  [Note: Do not type your answer in Canvas] [5 points] b.  Calculate the total interest payment on this 30-year mortgage.  [Note: Do not type your answer in Canvas] [5 points] c.  In the third monthly payment, calculate the interest payment.  [Note: Do not type your answer in Canvas] [5 points] d.  In the third monthly payment, calculate the principal payment.  [Note: Do not type your answer in Canvas] [5 points]

From Question 9, due to the continuous decline in interest r…

From Question 9, due to the continuous decline in interest rates, the same borrower can refinance the 30-year mortgage in the amount of $250,000 at 4%.  If the refinance cost is $2,500 and the borrower plans to move out in 10 months, should the borrower refinance the mortgage?  Explain.  [Note: Do not type your answer in Canvas]