Q1 Which of the following is an advantage of using online realtor services?

a.Easier access to qualified realtors

b.Enables you to shop online and save time

c.Increases your chances of selling a house by over 20 percent

d.Higher price for houses sold or lower prices for houses bought

Q2 Jessie won a lottery and was given the following choice. He could either take $5000 at the end of each month for 24 years, or a lump sum of $700,000. At what effective annual interest rate would he be indifferent between the two choices?

a. 6.8%

b. 6.9%

c. 7.2%

d. 10.8%