1)Figure the payment in the following scenario: You are purchasing a home for 600k. The down payment is 20%. The interest rate is 5%. The term of the loan is 20 years.

A.$2875.98

B.$2576.74

C.$3167.79

D.$3098.01

2)Calculate the payment for the following Home Equity Line of Credit. Loan Amount: $200,000. Interest Rate: 4.5%

A.$1013.37

B.$893.66

C.$874.89

D.$750.00

1)When leverage on a real estate transaction lowers the IRR it is known as positive leverage

True/False