Question 1 1 pts After graduating from UCF, you plan to purchase a small condominium for $100,000. You will be required by the bank to put a down payment of 10% of the purchase price. You plan to finance the loan for 15 years. Assume monthly payments and a nominal rate (monthly compounding) of 3%. What percentage of the first 25 payments goes toward paying principal? Approximately 42% Approximately 34% Approximately 25% Approximately 66% Approximately 58% Question 2 1 pts Lexington's bond has an 8.5% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of return is 10%, the value of the bond is: $885 $1,231 $1,156 $1.220 $923