Question 27 3 pts The Hruby Family recently entered into a 30-year mortgage for $300,000. The mortgage has an 8 percent APR. Interest is compounded monthly, and all payments are due at the end of the month. What will be the remaining balance on the mortgage after five years? O $14.790.43 O $285,209.57 O $300,000.00 O more information is required. Question 28 4 pts Suppose an engineering firm is comparing the cost of buying two different Hydraulic lifts. Lift A will cost $20,000, will require servicing of $1,000 every two years, and last ten years. Lift B will cost $15,000, require servicing of $800 per year, and last eight years. If the cost of capital is 7%, which is the better option, given that the firm has an ongoing requirement for a lift? Lift A, since it has a greater present value (PV). Lift A, since it has a greater equivalent annual annuity. Lift B, since it has a greater equivalent annual annuity. Lift B, since it has a greater present value (PV)