1. Suppose that you obtain a mortgage loan of 200.000 $. Quarterly rate of interest is 6% and the maturity of the loan is 10 years. If you pay monthly installments, what would be the amount of total interest paid?

a) 229.154,33 $

b) 329.154,33 $

c) 429.154,33 $

d) 529.154,33 $

e) Other:

2. You go to a bank and open a term deposit account. You invest 1.000 $. Annual interest (simple) rate is 20% and the maturity is 3 years. What would be the annual compound interest rate if you earn monthly interest?

a) 21,35%

b) 21,93%

c) 22,15%

d) 22,57%

e) Other: