Please show work for all questions if possible

1) You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly. Calculate the total amount of interest you will pay over the life of the loan.

a	$ 47,451
b	$ 93,677
c	$126,226
d	$299,090

2) You have borrowed $130,000 to buy a new motor home. Your loan is to be repaid over 15 years at 8% compounded monthly How much total interest will you save over the life of the loan by paying an extra $200 per month loan?

a	$24,247
b	$41,872
c	$69,418

d

$81,763

3) You are considering an investment that will pay you $100 in Year 1, $500 in Year 2, $0 in Year 3 and $600 in Year 4. If you require a 12% return, what is the most you should pay for this investment today? (Round to nearest $)

a	$915
b	$869
c	$734
d	$698

4) The term maturity risk emphasizes the fact that

a	repayment is less assured as maturity lengthens
b	shorter term bonds are worth more than longer term bonds
c	bond prices change when interest rates change
d	the prices of longer term bonds change more than the prices of shorter term bonds when interest rates change