(Solved):   please solve it :23: FINANCIAL MANAGEMENT SUMMER-13: Jul. 11,2022 - Sep. 25, 2022 House: ...

 

please solve it

:23: FINANCIAL MANAGEMENT SUMMER-13: Jul. 11,2022 - Sep. 25, 2022 House: Room: E-404: On Campus Ails Inses FVCE 623 (CAMPUS-SUMMER-13) I Weicome I Individual Assignment 1 You purchased a house listed at \( \$ 1,200,000 \). To complete the purchase, you paid 20\% down payment and borrowed the rest from CiBC. CiBC offered you 676 fced mortgage rate with a monthly payment. How much is your monthly payment and what is your borrowing cost (interest cost) for the first year?