nne blo 2 QUESTION #2 IMG- 32 Gabrielle wants to buy a cabin at Lac du Bonnet that costs $165 000.00. She has saved $25 000.00 that she will use as a down payment. The bank will give her a 15- year mortgage for the balance at 3.49%, compounded semi-annually. a. What will Gabrielle's payment be every two weeks? Show your work. (2 marks b. If the cabin appreciates in value an average of 3.00% per year, calculate the appreciated value of the cabin after 10 years. (1 mark) c. How much equity will Gabrielle have in the cabin after 10 years? (1 mark) qimg- QUESTION #3 Mr. Van Wyck's assets are worth $650 000.00. The mortgage on his house is $250 000.00 and he owes $130 000.00 in total on his credit lines and credit cards. IMG- a) Calculate Mr. Van Wyck's net worth. (1 mark) b) Calculate Mr. Van Wyck's debt to equity ratio. Based on your answer, do you think the bank will lend him money? Explain. (2 marks) qimg- Hachment