You purchase a home for $$884,000$ and make a $20\%$ down payment. Your mortgage is for $25$ years at a $5\%$ interest rate $($initial $5-$year closed term$),$ paid monthly. Using your own schedule or a mortgage calculator, what is the required monthly mortgage payment?

Record your answer rounded to two decimal places.

home $884000$

downpayment $$176,800\mathrm{.}00$

Left $$707,200\mathrm{.}00$

Rate $0\mathrm{.}4\%$

N $300$

monthly pmt $$4,134\mathrm{.}22$

Relating to the previous question, if instead of monthly you chose accelerated bi$-$weekly payments, in what year would the mortgage be paid off?

Give your response as a whole number, and don't use calendar dates $($e$.$g$.,$ if you think it will be paid off halfway during the second year, which is in calendar year $2023,$ your answer should be $"2",$ not $"2\mathrm{.}5"$ or $"2023").$

You use an age rule of your age minus $5,$ and you are currently $37$ years old. Assuming you have only one bond $($index$)$ and stock $($index$)$ to invest in$,$ what proportion do you invest in bonds?$$

Write your response as a whole number $($e$.$g$.,15-$ not $0\mathrm{.}15$ or $15\%).$

Tony gifts his daughter Elizabeth shares worth $$50,000$ that pay an eligible dividend of $$5,000$ during the year. Elizabeth turns $18$ this year. Does attribution apply$/$who reports the income?

Select an answer and submit. For keyboard navigation, use the up$/$down arrow keys to select an answer.

a Yes; Tony

b No; Elizabeth

Tony gifts his wife Shannon shares worth $$50,000$ that pay an eligible dividend of $$5,000$ during the year. They elect out of spousal transfer rules. Does attribution apply$/$who reports the income?

Select an answer and submit. For keyboard navigation, use the up$/$down arrow keys to select an answer.

a No; Shannon

b Yes; Tony