Question 1.

Question 2.

You have a 25-year $400,000 mortgage with a 3.5% rate of interest (compounded monthly) that you make monthly payments on What is the balance of the loan at the end of year 15? Multiple Choice $208,506 $206.506 $202.506 O $208,506 O O $206,506 $202,506 $204,506 $210,506 Calculate the present value of a growing annuity given the following information current cash flows: 5160,000, cash flow growth rate=4% timeframe 40 years, required rate of return 9% Multiple Choke $2.310 871 $2,610871 $2,410,871 Multiple Choice $2,310,871 O O $2,610,871 O O $2,410,871 O $2,510,871 $2,710,871