QUESTION 1 You currently have a mortgage and make a monthly payment of $915. The interest rate on the mortgage is 3% APR and there are 13 years left on the mortgage Calculate the mortgage balance. Enter your answer to the nearest dollar. Do not round intermediate calculations. QUESTION 2 A perpetuity promises to make an infinite number of annual payments. Each payment will be $200 and the first payment will occur in 7 years from today. If the interest rate is 8%, what is the value of the perpetulty today? Round your final answer to two decimal places (Ex. $12.34 should be entered as 1234) QUESTION 3 A retail company just paid a $2 dividend. Because of a slowdown in their business, the company will have to cut its dividend for next year (dividend one year from now is zero). The following year (two years from today, the company expects to pay a $1.5 dividend and the dividend will grow indefinitely at 3% per year into the future. If the company's required return is 12%, calculate its expected price today. Calculate your final answer to two decimal places. Ex. 51234 should be entered as 1234 QUESTION 4 A Treasury bill has a face value of $10,000. It matures in 50 days and can be bought for $9,945. What is the bank discount rate associated with that buying price? 4,04% O 0.55 4:01M At