Saved Help Save & Exit Subm Please use the following information for Questions 3 - 6. After graduating with your degree, you have decided that it is time to buy your first home. The condo you want costs $400,000 and you have $50,000 for a down payment. The bank will lend you $350,000 at a rate of 6%, compounded semi-annually, and amortized over 25 years. If you were to decide that bi-weekly payments (bi-weekly means you pay once every two weeks or 26 payments per year) better fitted your cash flow than monthly payments, based on the same numbers used above (principal of $350,000, 6% interest rate compounded twice a year and amortized over 25 years), what is your bi-weekly mortgage payment? Multiple Choice $1,61129 $977.40 $103216 Please use the following information for Questions 3 - 6. After graduating with your degree, you have decided that it is time to buy your first home. The condo you want costs $400,000 and you have $50,000 for a down payment. The bank will lend you $350,000 at a rate of 6%, compounded semi-annually, and amortized over 25 years How much is your monthly payment? -4 Multiple Choice Saved Help Save & Exit Submit The rapid growth of the Coronavirus in Spring, 2020 (now referred to as Covid-19) made us realize how quickly a deadly pandemic can infect large numbers of people. The world first became aware of the outbreak in January, 2020 in Wuhan, China. Let's assume that initially 100 people were known to have become infected. In the early days of the pandemic, the number of people infected doubled every three days. Assuming that the rate of infection continued to double every three days, how many days will it take until 1,000,000 individuals have been infected (rounded to the nearest whole number)? Multiple Choice 40 days 13 days 20 days Next