14. you're a great uncle Claude is 82 years old. Over the years, he has accumulated savings of $80,000. He estimates that you live in 13 years at the most and wants to spend his savings by then. (If he lives longer than that she will be happy to take care of him). 15. you decide to purchase a building for $30,000 by paying $5000 down and assuming a mortgage of $25,000. The bank offers you a 15 year mortgage requiring annual end of year payments of $3188 each. The bank also requires you to pay a 3% loan origination fee, which will reduce the effective amount the bank lens to you. Compute the annual percentage rate of interest on this loan. 18. Your parents have discovered a $1000 bond at the bottom of the safe deposit box. The band was given do you buy your late great aunt Hilda on your second birthday. The bond pays interest at a rate of 5% per animal, compounded annually. Interest accumulates and is paid at the time the bond is redeemed. You are now 27 years old. What is the current worth of the bond (principal plus interest)? 26. determine the value at the end of three years of a $10,000 investment (today) in a bank certificate of deposit that pays a nominal annual interest rate of 8% compounded: a. semi annually b. quarterly c. monthly