You have purchased a condominium for $535,000. Assuming a loan to value ratio of 75%, what is the balance remaining on the mortgage after one year if the amortization period is 30 years and the nominal interest rate is 3.25%? Assume that interest is compounded semi-annually and payments are made weekly (52 payments per year). $376,260 $384,860 $393,187 None of the options listed $397,251 You have invested $250,000 in a business. The business will return you the money in 5 equal annual installments that will include the principal and the interest. At an annual interest rate of 4.75% what is the annual payment amount? $58,143 $57,345 None of the options listed $58,946 $56,552