Question 8 An investor is looking at a 5359,000 home. If 10% must be put down and the balance is financed at 8% APR monthly compounding over the next 30 years, what is the monthly mortgage payment? $2,195 b) $2,295. c) $2,371 d) $2,479 Answer: Question 9 What sum would Susan have to receive in 5 years' time to make her indifferent between that sum and $1,000 in 15 years' time? Susan is able to invest at an interest rate of 12% APR compounded annually. a) $221 b) $237 c) $322 d) $360 Answer: Question 10 1 What weekly payment is necessary to accumulate $2 million over 16 years if the annual interest rate is 4.75% APR compounded weekly? Assume payments are made at the end of each quarter. a) $1,024 b) $1,258 c) $1,593 d) $1,606 Answer: Question 11