Charlie Brown thinks the SF will decrease against the USD and buys a put option. The premium is $0.0080 and the strike price $0.5950. Each option contract has 62,500 SF. If the ending spot price is $0.5650, compute the net profit (or loss) for 2 contracts.

Your best friend wants to buy a house and needs your help figuring out her loan amount.
She tells you she can secure a 30-year loan with a fixed rate of 4.250%
Based on her income, she can afford a maximum monthly payment of $2,600 (principal & interest)
What maximum size loan can she obtain (i.e. what is the loan amount or amount financed)?