29. Which would be the best loan offer? Loan A has a 9.5 percent rate calculated quarterly and Loan B has a 9.25 percent rate calculated monthly.

32. Mohammed and Riza are recently married and neither of them has ever owned a home. They wish to use the Home Buyers' Plan (HBP) to make their down payment on their first home. If they each have

$60 comma 000

in their RRSPs, how much can they access, in total, for their down payment through the HBP?

35. If you borrow

$22 000

as a

7

-year

loan from the bank and the bank requires you to make end-of-year payments of

$ 4371.19

,

what is the annual interest rate on this loan if interest is compounded annually? (Round to the nearest percent.)