23. The condominium at the beach that you want to buy costs $180,000 after your down payment. What will your monthly payment be if you get a 30-year mortgage with an 8.5% interest rate? A. $1,384.04 B. $1,691.61 I C. $6,681.21 D. $15,300.00 E. None of the above 11 13 14 27. A rookie quarterback has been offered the following contract: $4,500,000 in Year 1, $5,000,000 in Year 2 and $5,500,000 in Year 3. The payments are guaranteed and they would be made at the end of each year. If his opportunity cost is 9%, what is the present value of this proposed contract? A. $8,545,055.17 B. $12,583,849.47 C. $13,062,439.44 D. $13,976,810.20 E. None of the above 13 16 17 18 19