Question
22 -How much will Alex pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5%
22-How much will Alex pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5% compounded annually.
Select one:
a. $1,991
b. $1,979
c. $1,968
d. $1,985
e. $1,973
23-The Ordo Inc. is preparing to pay its first dividends. It is going to pay $.60, $1.10, and $1.50 a share over the next 3 years, respectively. After that, the company has stated that the annual dividend will be $1.98 per share indefinitely. What is this stock worth to you per share if you demand a 9% rate of return?
Select one:
a. $19.08
b. $18.65
c. $18.22
d. $20.11
e. $19.62
-Just the correct Letter for each question, without any any any explanation at all, please! And I'll put a Like. But don't explain the TWO answers -Just answer the questions if you're 100% sure about the correct answers, please!
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