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-------------------------------------------------------------------------------------------------------------------------- You are borrowing $52000 to buy a condo. If mortgage rates are currently at 9 percent and you take a 30-year loan with fixed

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You are borrowing $52000 to buy a condo. If mortgage rates are currently at 9 percent and you take a 30-year loan with fixed payments, how much will your monthly mortgage payment be, assuming you make fixed payments at the end of each month? $495 $535 $418 $456 One year from now, you need to have $5400 to pay your tuition. How much do you need to invest today if you can earn 9% interest, compounded annually? $4954.13 $3764.43 $4283.93 $4409.23

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