Joni invests $800 at 4%, compounded quarterly. Total interest earned in one year will be

a. $832.80.

b. $136.00.

c. $32.00.

d. $32.80.

The economics of renting or buying a place to live depends on all of these factorsexcept

a. tax write-offs for homeowners.

b. expected residual value after depreciation.

c. how many years you expect to live in the home.

d. housing prices and mortgage interest rates.