Which of the following is true about a fully amortizing fixed-rate mortgage?

	The pay rate is usually greater than the accrual rate
	The pay rate is equal to the accrual rate
	The pay rate is less than the accrual rate
	None of the above

What is the present value of a 10-year lease with monthly rental payments of $2000 due at the beginning of each month, if the opportunity cost of capital is 9%?

	$152,604.
	$159,068
	$165,942.
	Insufficient information to answer the question.