Examl Attempt2.BLANK.D2Lpdf- Adobe Acrobat Reader DC File Edit View Window Help Home Tools Exam1.Attempt2.BL.. X | 61.6% 16. Today is January 1, 2018 (T-0). You take out a 30 year fully amortizing mortgage of $300,000. Payments are made at the end of each calendar m m. The loan has a fixed annual rate of 5.0% (or 5.0%/12 per month). Approximately how much is each payment a. $833 b. $875 c. $1,610 d. $1,626 e. $1729 17.Today is January 1, 2018 (T-0). You take out a 30 year fully amortizing mortgage of $300,000. Payments are made at the end of each calendar month. The loan has a fixed annual rate of 5.0% (or 5.0%/12 per month). Ignore your answer to the previous question and assume you try to pay off the mortgage early by making payments of $2,000 instead. Approximately how long will it take before you have accumulated at least $200,000 of equity in your home? a. 8 years and 4 months b. 9 years and 0 months c. 9 d. 15 years and 1 mont e. 15 years and 2 months years and 1 month Use the following information about Company X to help answer problems 18-20 Next Year (T=1), you will deposit $258.75 in a savings account. You will increase the amount you deposit each year by a constant growth rate (g) for each of the next 3 years so that at the end of year 4 (T-4) ou will make a deposit of $393.53 TIME CFs The appropriate discount rate is 8.0% (also the rate of interest you earn on your savings per year) 18. The deposit you will make at the end of year 3 (T=3) is closest to: a. $302 b. $326 C $342 d. $346 e. $364 19. Based on discount factors, a cash flow of $1.00 two years from now (T=2) a, is worth 16-64% less than a $1.00 cash flow received today (T=0) b, is worth 4.27% less than a $1.00 cash flow received today (1-0) d, e, is worth 1 3.04% less than a $1.00 cash flow received today (T-0) is worth 85.73% more than a $1.00 cash flow received today (T=0) is worth 86.96% more than a $1.00 cash flow received today (T=0) 20. The $258.75 deposit you made at the end of year 1 (T=1) has a future value dosest to at the end of year 4(T-4). a. $317 b. $326 C $352 d. $394 e. $453