Suppose you are buying your first condo for $239,000 and you will make a $48,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 4.30% nominal interest rate, with the first payment due in one month. What will your monthly payments be? O a. $1040.14 b. $850.48 C. $945.20 d. $838.52 e. $779.74 You are considering the purchase of an investment that pays an annual rate of 6.80%, compounded monthly. If you invest $3,500 at the end of each month, how many months will it take for your account to grow to $400,000? Round UP to the nearest whole month