You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost is $10,000. Question 12 Not yet answered In the monthly payment, how much are the principle and the interest payments, respectively, in the 2nd month? Points out of 1.00 Select one: O a. 999.00 P Flag question O b. 1,098.00 O c. 989.00 O d. 789.23 Question 13 You bought a house with price of $250,000. Your LTV (loan-to-value ratio) is 80%. You choose the 30-year mortgage with interest rate 6%. Assuming the total transaction cost is $10,000. Not yet answered What will be your interest payments for the first 5 years? Points out of 1.00 Select one: O a. 58,054.80 P Flag question O b. 34,097.23 O c. 39,098.23 O d. 45,343.80 Question 14 You have two investment choices which generate cash flows as follows. Both investments cost $8,000 now. Which investment would you like to choose? Not yet answered Points out of 1.00 Cash Inflows Year 1 Year 2 1,500 9,000 10,625 Investment Real Estate Bond P Flag question Select one: O a. Real Estate O b. Bond O c. The two choices generate the same internal rate of return O d. None of the above