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5. 14 points. Your na points. Your parents are selling their vacation home and have 2 offers. Their friend has $100,000 today and $120.000 for

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5. 14 points. Your na points. Your parents are selling their vacation home and have 2 offers. Their friend has $100,000 today and $120.000 for each of the next three ye and $120.000 for each of the next three years. A broker has offered to pay them 5400.000 today the relevant discount rate is , which offer should they choose? Show calculations ve 2 offers. Their friend has offered to pay them 6. 29 total points. You have decided that you will start a savings plan. You will deposit $20 per week into an acco that you think will pay 8% per year. A 10 points. How much will you have in 15 years? B. 12 points. Suppose that, with your savings, you will buy a house after 15 years. In addition to your down payment, you will borrow $400,000. If the interest rate is 3.6% on your 30-year mortgage. What will be your monthly payment? C. 2 points. Suppose that the down payment is equal to what you will have in your saving account. How much does your home cost? D. 5 points. How much total interest will you have paid once your mortgage is paid off

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