What are the monthly mortgage payments on a 30-year loan for $250,000 at 5.1%?

(10 Points)

$1,351.63

$1,357.37

$1,990.03

$12,750.00

5.Ben decided to purchase a $180,000 house. The interest rate is at 3.42%, paid monthly, and is a fifteen-year loan. He plans to borrow the entire $180,000 for the purchase. How much principal and interest will Ben pay over the first 10 years of the loan, respectively?

(20 Points)

$17,683 and $43,114

$44,053 and $109,515

$50,094 and $26,690

$109,515 and $44,053

6.What is the most you should pay to receive the following cash flows if your required rate of return is 12 percent? Year 1: $3,000 Year 2: $5,000 Year 3: $8,000 Year 4: $10,000

(15 Points)

$18,713.96

$18,970.20

$19,700.16

$26,000.00