QUESTION 8 4 points Save Answer Jason bought a house ten years ago. His mortgage payments are $700 per month and the interest rate on the mortgage loan is 3% APR compounded monthly. With 20 years remaining now, what is the principal component of the next payment (121st payment)? Hint: Find the outstanding loan balance first, and then determine the interest component and the principal component of the $700 monthly loan payment. $191.44 $314.95 O $384.46 OS258.05 QUESTION 9 4 points Save Answer 4 Time: 0 1 2 3 Investment A: $100 50 40 30 20 Investment B: $100 25 30 40 An investor is considering the two mutually exclusive investments shown above (numbers are in million dollars). Her cost of capital is 11%. Which of the following statements about these investments is true? 58 The investor should take investment B since it has a greater NPV. The investor should take investment B since it has a greater IRR. The investor should take investment A since it has a greater NPV. The investor should take investment A since it has a greater IRR. QUESTION 8 4 points Save Answer Jason bought a house ten years ago. His mortgage payments are $700 per month and the interest rate on the mortgage loan is 3% APR compounded monthly. With 20 years remaining now, what is the principal component of the next payment (121st payment)? Hint: Find the outstanding loan balance first, and then determine the interest component and the principal component of the $700 monthly loan payment. $191.44 $314.95 O $384.46 OS258.05 QUESTION 9 4 points Save Answer 4 Time: 0 1 2 3 Investment A: $100 50 40 30 20 Investment B: $100 25 30 40 An investor is considering the two mutually exclusive investments shown above (numbers are in million dollars). Her cost of capital is 11%. Which of the following statements about these investments is true? 58 The investor should take investment B since it has a greater NPV. The investor should take investment B since it has a greater IRR. The investor should take investment A since it has a greater NPV. The investor should take investment A since it has a greater IRR