1. You take a 15-year mortgage loan of 105,046.90, with an interest rate of 12% assuming monthly payments. The interest expense is tax-deducitbale, therefore interest expense for each year is reported to the irs. what is the total interest expense for the whole year 10?
2. You bought a 29 year, zero-coupon bond for $904, excatly 3 years ago. If you sell the bond today at a price of 1,040, what would be your realized return if compounding is annual.