Consider an interest rate that is quoted as $16\%$ per year with compounding frequency m$=4.$ The equivalent rate with compounding frequency m $=12$ is:

$14\mathrm{.}7913\%.$

$14\mathrm{.}8826\%.$

$15\mathrm{.}7913\%.$

$15\mathrm{.}8826\%$

Given daily compounding, the growth of $$8000$ invested for $2$ years at $8\%$ interest will be closest to:

$$10171.$

$$10000.$

$$9828.$

$$12101.$

An investor is looking at a $$200,000$ home. If $10\%$ must be put down and the balance is financed at $6\%$ over the next $30$ years, what is the monthly mortgage payment?

$$1079.$

$$1125.$

$$2100.$

$$2251.$