You enter into a mortgage agreement for $1.25 million at 3.875% for 20 years. What will be your monthly payments?

Group of answer choices

$10,487.75

$8,267.88

$7,492.67

$12,395.85

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You are considering an investment that will pay you annual payments of $2,500 for ever but will never return your principle. If the prevailing interest rate is 4% what would a fair price be for the investment?

Group of answer choices

$1,600,000

$62,500

$16,666

$625

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You purchase a Perpetuity for $150,000. if the prevailing interest rate is 5% what should be your annual payments?

Group of answer choices

$7,500

$3,750,000

$ 745,923

$666,666

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Find the difference between an investment compounded daily and one continuously compounded, both with a maturity of 75 Years, a starting principle of $1000, and an interest rate of 3%.

Group of answer choices

$0.88 (about)

$0.00 (they are identical)

$1.81 (almost)

$134.78 (around)

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Please lick the wright answer