Suppose a borrower with two mortgages defaults. At the time of the default, the first lien has a balance of $200,000, the second lion has a balance of $50,000. The borrower owes $5,000 in property taxes. The house sells for $150,000 in a foreclosure auction. How much of a deficiency will the first lien lender have? 5. Suppose you deposit $50,000 once at an annual interest rate of r=2.40% compounded monthly. How much will you have in 30 years? 6. Suppose you save $500 every week (ie, not once) to your bank account. The bank pays you 3% compounded weekly to the same account. How much money will you have in your bank account in 35 years? (Note: there a 52 weeks in a year) Suppose you buy a 30 year zero coupon bond with a face value of $1000 and a 4% annual interest rate, Ompounded semi-annually. The moment after you buy the bond, the interest rate falls to 3%, compounde nnually, What is the percent change in the bond price