1. Take a loan 250,000 interest rate is 5% APR but compounded and paid monthly. Take a 30 year mortgage. What is your monthly payment?
2. Currently owe $100,000 on your home. Mortgage monthly payment is 1050 and APR 4%. What is the coming month interest and what is the principal?
3. You believe a portfolio has normally distributed returns with expected value of 15% and standard deciation of 10%. Tbis next year you believe that approximately 68% of possible returns Are within _____
5 and 25%
-5 and 35%
Precisely 15%
10 and 15 %
10 and 20%