1. Suppose that you obtain a mortgage loan of 100.000 $. Annual rate of interest is 12% and the maturity of the loan is 8 years. You pay annual installments. Now, suppose that you will pay a lumpsum amount of 20.000 $ at maturity to settle the loan. What would be the periodic payment amount?

a) 16.504,23 $

b) 17.504,23 $

c) 18.504,23 $

d) 19.504,23 $

e) Other:

2. What would be the annual interest rate for a 5.000.000 $ bank loan that requires 125.000 $ of total interest payment for a period of 4 months?

a) 7%

b) 7,5%

c) 8%

d) 8,5%

e) Other: