Assume Suzanne Weiser pays $1,040 for a five-year, $1,000 bond paying 8 percent interest. Is the effective (Market) interest rate less than, equal to, or greater than 8 percent? How can you determine this.

Hello, I have a mortgage of $500,000 with a monthly payment of $2908.02 at interest rate of 5%, amortized over life of mortgage which is 25 years. The effective monthly rate is then 0.4124%. We also incur $50,000 in transaction costs that is paid as a lump sum when the mortgage originates. On...