A toll road will require a maintenance cost of $15,000 per year in order to be maintained forever. If the interest rate is 5%. what is the cost of that road today? Select one: O a. $450,000 O b. $600,000 c. $300,000 d. $150,000 O Mr. Fouad invested an amount of $ 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years is $ 3508, what was the amount invested in Scheme B? Select one: O a $6400 b. $7200 c. $6500 d. $7500 O each of the next 3 You are considering borrowing $10,000 for 3 years at an annual interest rate of 8%. The loan agreement calls for 3 equal payments to be paid at the end years. The annual payment is closest to Select one: O a $4,020 b. $3.744 c. $2,890 d. $2,674 Barbara and Mike just borrowed $200,000 to purchase a home. The bank gave them a 6% interest rate on a 15 year mortgage. How much will their monthly mortgage payments be? How much less would their payments be if the mortgage was a 30 year mortgage? Select one: a. $1.687. 5688 b. $1.887. $488 c. $1,199, $888 d. $1,199, 9488 If the value of Jane's retirement portfolio increased from $170,000 to $813,000 over a 15-year period, with no deposits made to the account over that period, what annual rate of return did she make