In 1975, the era of major league baseball free agency began. The average player salary was $16,000. In 1980 the average salary was $30,000. What was the average annual growth in the minimum salary in major league baseball over those five years? 5.92% 10.67% 13.40% 37.50% You just bought a home for $250,000 and are to make monthly payments of $1, 834 41 for 30 years at 8% APR. Suppose you add $298.44 each month to the $1, 834.41 house payment making your monthly payment $2, 132.85. This extra amount is applied to the principal. How long will it take you to pay off your loan of $250,000? Use a calculator to determine your answer. It will take about 16 years. It will take slightly over 20 years. It will take slightly over 19 years. It will take under 15 years. The real rate is 2.50% and inflation is 3 25% What is the approximate nominal rate? 1.25% 5.25% 5.75% 3.25% A company selling a bond is money. reinvesting lending taking borrowing