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8. You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly.

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8. You borrow $230,000 to buy a house. The mortgage rate is 4.5 percent and the loan period is 25 years. Payments are made monthly. If you pay the mortgage according to the loan agreement, how much total interest will you pay? A $160,408 B. $147,027 C. $153,524 D. $164,319 E. $141,406 9. What is the net present value of the following cash flow stream if the discount rate is at 11 percent annually. Year Cash Flow $2.000 2.500 1.750 1.250 A $4,586 B $6,586,58 c. 8,325 D. $5,933.86 E. $3,456

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