QUESTION 1 If you had the opportunity to receive $1000 per month for a total of 25 years (25 year monthly annuity), what is the most you would pay for it if the interest rate in the market is 12%?(State your answer rounded to 2 decimals) QUESTION 2 An Investor bought a House in Cedar Rapids priced at $360,000 on a 100% loan. He made monthly mortgage payments of $1000 towards his loan and sold his House after 10 years for $400,000. He had a loan balance of $200,000 that he repaid at the end of 10 years. What was the return the Investor earned through this investment? (State your answer rounded to 2 decimals) QUESTION 3 An investor buys a condo in Des Moines priced at $140,000. The investor finds a tenant who agrees and signs a step up lease to rent this property. His rents will start at $1200 per month for the first year and increase by $100 each year for a period of 3 years. The investor sells the property at the end of 3 years for $130,000. What internal rate of return the investor earned on his investment? (State your answer rounded to 2 decimals and interest rates are quoted always as example 5.00 or 6.00)