Questions 4-5 end. Questions 6-7 are based on the following information. Installment loans. You and your spouse want to purchase a new home that costs $400,000. Your plan is to pay 20 percent down in cash and finance the balance over 20 years at 4.25 percent. 6. What will be your monthly mortgage payment including principal and interest? a. $2,476.94 b. $2,000.00 c. $1,918.55 d. $1,981.55 7. What will be the remaining balance on the loan after 10 years? a. $241,799.83 b. $210,000.00 c. $193,439.87 d. $193,139.87 Questions 6-7 end. 8.TBUS 350 Investments is considering a project that will produce cash inflows of $10,000 at the end of Year 1, $25,000 in Year 2, $38,000 in Years 3 & 4. What is the present value of these cash inflows at a discount rate of 11.5 percent? a. $81,007.65 b. $81,076,54 C $80,076.22 d. $82,444.02 (2)