Your diski Save space You would like to invest $200 per month for 3 years in a savings account that pays an annual interest of 2.5%. What is the present value of your investment? $4,362 $6,930 None of the options listed $571 $6,237 The stress test requires the borrower to qualify at 2 percentage points higher than the contracted mortgage rate. If the bank is offering you a mortgage rate of 2.8%, what is the equivalent monthly mortgage rate under the stress test? The mortgage is compounded semi-annually. 0.40% None of the options listed 2.40% 2.23 0.23%