Bob buys a house for 150,000 with a mortgage rate of 5.8% convertible monthly. At the time of

Question

purchase he owns a 10,000 20-year zero coupon bond that earns 4.5% annually. The bond
matures in 15 yeas. He would like to use the proceeds from the bond to make a payment larger
than the usual fixed rate payment and pay off the balance of the mortgage after the 180th
payment. How much should his monthly payments be?

Answer 1

i need answer of the above question