1. A buyer purchases a condo for $300,000 and obtains a $240,000 loan for 15 years at 4.5% interest, with payments of $1,835.98 per month. How much interest will the buyer pay over the life of the loan?
2. A lessee gave the property manager 60 days' notice of non-renewal of the lease which was scheduled to expire September 30. A $950 security deposit and last month's rent of $1,250 was collected at the time of the agreement. The walk-through indicated a unit left in good condition and compliance with all terms. How much of the deposit is due to the lessee?: