1. Lloyd is estimating the growth rate of family insurance premiums. A family premium was $895 in 2008. Ten years later in 2018, the same family insurance premium was $1,850. Calculate the growth rate over this period.

1. 4.44%
2. 5.39%
3. 6.25%
4. d 7.53%

2. Third Federal offers a 30 year, zero point, conventional loan. The product rate is 4.56% with monthly payments. Calculate the monthly payment on a $325,000 loan.

1. 1,658.33
2. 1,672.25
3. 1,678.33
4. d 1,683.22