1. John Anderson deposited $9,000 in a certificate of deposit (CD) for 3 years at 5%. At maturity, it will be worth: (Use time value tables or a financial calculator.

$10,519.

$10,419.

$11,419.

$11,589.

$12,489.

2.

If you purchase a house worth $125,000 and make a 10% down payment, how much would one mortgage point cost at closing?

$765

$995

$1,125

$1,535

$1,800