You have just decided to purchase a home for $220,000. You will make a $45,000 down payment. You have arranged to finance the remainder with a 30 year, monthly payment, mortgage at a 5,5% annual interest rate, with the first payment due in one month. What are your monthly payments? Select one a. Less than $900 b. Between $900 and $1,000 c Between $1,000 and $1,100 d. Between $1,100 and $1,200 e Greater than $1.200 What is the PV of an ordinary annuity with 12 payments of $5,400 if the appropriate interest rate is 6.5%? Select one: a. Less than $45,000 b. Between $45.000 and $50,000 c. Between $50,000 and $55,000 d. Between $55,000 and $60,000 e Greater than $60,000 Jules and Vern have been promised $13,000 in 5 years. If interest rates are 6.25%, what would their promised $13,000 be worth today? Select one: a. Less than $9,500 b. Between $9,500 and $10,000 c. Between $10,000 and $10,500 d. Between $10,500 and $11,000 e. Greater than $11,000