9. Howmuch can you afford to borrow for a 25 year 0.25% APRmrtgage if you can afford rnasim um payment of $1,200? A. $19,200.00 B. $179,787.36 C. $181,909.31 D. $14,982.28 0. You are 21 years old today. Starting one month from now,if you depost $400 per month into your retirement account which earns 0.8 percent per month, are you a millonaire by age of 537 A. you have $889,523.69 by age of 53. Not a millionaire B. you have $1,127,876.31 by age of 53. Yes, a millionaire C. you have $1,016,140.24 by age of 53. Yes, a millionaire D. you have $709,583.12 by age of 53. Not a millionaire 11. A new financial services company just The company will lend $9 today in exchange for a opened in your town. To attract customers, it is offering a "9-11" loan special. t payment of $11 two years from today, What is the loan rate on this deal? A. 22.2 percent B. 10.6 percent C. 6.9 percent D. 7.4 percent 12. Given an interest rat that begin at year t17? A. $16,256.96 B. $17,208.00 C. $951.03 D. $42,735.04 e of 5.85 percent per year, what is the value today of a perpetual stream of $2,500 payments earn 0.2 percent interest per month. If he saves money every month, starting one month from now, how much wi he have to save each month to reach his goal? A. $496.7S B. $497.75 C. $501.03 D. $502.14 13. Kurt wants to save for apartment down payment. He plans to have $25,000 four years from now. The account wil 14. What is the effective annual rate of 14.9 percent compounded quarterly? How about continuously A. 14.67%; 14.9% B. 15.23%; 1.16 C. 15.23%; 16.02% D. 15.75%; 16.12% E. 15.75%; 16.07% Your credit card debt has an EAR of 14.6 percent. What is the APR if interest is compounded monthly? A. 13.48 percent B. 13.71 percent C. 14.60 percent D. 15.62 percent 15. Given PVA and FVA formulas, what is the relation between present and future value of annuity? A. No relation 16. B.PVA (1 + r)r-NA