1. What is the APR of a 30-year, $300,000 mortgage with monthly payments of $2000? Answer in percent and round to two decimal places.

2. What is the effective annual rate of a savings account that pays an APR of 5% and compounds quarterly? Answer in percent and round to two decimal places.

3. Which of the following statements is TRUE about a fully amortizing loan (i.e., one in which all payments are equal and there is no principal remaining after the last payment)?

4. The principal portion of later payments is greater than that of earlier payments.

5. What is the payment on a 60 month, $10,000 car loan with APR of 4%. Round to the penny.

6. In the first payment on a 60 month, $10,000 car loan with APR of 4%, how much pays off the principal? Round to the penny.

7. After making 20 payments on a 60 month, $10,000 car loan with APR of 4%, what is the outstanding balance on the loan? Round to the penny.

8. According to the yield curve, the one-year rate is 3% and the two-year rate is 5%. A two-year coupon bond pays $40 in one year and $1040 in two years. Calculate the present value of this bond. Round to the penny.

9. Investment A will return to you $2000 in one year if you invest $1750 today. Investment B will return to you $3000 in one year. What is the most you will pay for Investment B.

10. You are awarded a 10% pay raise. Inflation for the upcoming year is 2.5%. What is your real pay raise? Answer in percent and round to two decimal places.

a. A recession is imminent
	b. The yield curve is likely to be flat in the near future
	c. The economy is likely to recover in the near future
	d. Interest rates are likely to go down in the near future

See attached. I need solution or answer urgently. Due by 1159 today.

1. What is the APR of a 30-year, $300,000 mortgage with monthly payments of $2000? Answer in percent and round to two decimal places. 2. What is the effective annual rate of a savings account that pays an APR of 5% and compounds quarterly? Answer in percent and round to two decimal places. 3. Which of the following statements is TRUE about a fully amortizing loan (i.e., one in which all payments are equal and there is no principal remaining after the last payment)? a. The interest portion of later payments is more than that of earlier payments. b. The prinicpal portion of later payments s less than that of earlier payments. c. The principal outstanding remains the same over the life of the loan until right before the last payment. d. The principal portion of later payments is greater than that of earlier payments. 4. What is the payment on a 60 month, $10,000 car loan with APR of 4%. Round to the penny. 5. In the first payment on a 60 month, $10,000 car loan with APR of 4%, how much pays off the principal? Round to the penny. 6. After making 20 payments on a 60 month, $10,000 car loan with APR of 4%, what is the outstanding balance on the loan? Round to the penny. 7. According to the yield curve, the one-year rate is 3% and the two-year rate is 5%. A two-year coupon bond pays $40 in one year and $1040 in two years. Calculate the present value of this bond. Round to the penny. 8. Investment A will return to you $2000 in one year if you invest $1750 today. Investment B will return to you $3000 in one year. What is the most you will pay for Investment B? 9. You are awarded a 10% pay raise. Inflation for the upcoming year is 2.5%. What is your real pay raise? Answer in percent and round to two decimal places. 10. The yield curve for zero coupon bonds has a fairly steep slope. While the yield curve is not a 100% predictor, this could be an indication that: a. A recession is imminent b. The yield curve is likely to be flat in the near future c. The economy is likely to recover in the near future d. Interest rates are likely to go down in the near future