You want to save $25,000 for the down payment on a house in 4 years. At an interest rate of 4.25%, how much should you save each week? Assume that you are making 52 weekly payments every year. $110 O $479 None of the options listed O $5,865 $131 You are interested in purchasing a house for $725,000. You are a first-time homebuyer and quality for CMHC mortgage insurance that allows a 5% down payment. The bank has offered you a mortgage rate of 3.45% You have been approved by the bank for a 30-year mortgage. What is your monthly mortgage payment? The mortgage is compounded semi-annually O $3,064 $3,225 O $1,090 None of the options listed $25,073 Your parents have agreed to buy your Honda Civic in 4 yours. They are willing to pay you $7,500 for the car irrespective of its condition in the future. What is the present value of $7,500 at an annual interest rate of 5%? 59.116 553