1.You bought a painting 10 years ago for $100,000. If you sold it for $310,600, what was your annual return on investment?

8% 10% 12% 14%

2.You recently purchased a building for $200,000, paying $100,000 in cash and borrowing the rest. If the loan carries interest at 8% and is repaid in 10 equal annual (end-of-year) payments, what is the annual loan payment?(Points : 3)

$10,000 $20,000 $14,903 $29,806