1). Explain whether you would you rather have a savings account that paid interest compounded on a monthly basis or compounded on an annual basis? Why? 2). Describe what an amortization schedule is and its uses. Explain the purpose of an amortization schedule. 3). Interest on a home mortgage is tax deductible. Explain why interest paid in the early years of a home mortgage is more helpful in reducing taxes than interest paid in later years. 4). Explain the difference between an ordinary annuity and an annuity due.