1. What is your opinion of Adjustable Rate Mortgages and down payment assistance programs, and what are the advantages and disadvantages of both?
2. A project with an initial investment of $460,100 will generate equal annual cash flows over its 11-year life. The project has a required return of 8.2 percent. What is the minimum annual cash flow required to accept the project?
$59,904.51
$65,075.85
$69,188.29
$61,970.18
$74,372.40