1. A couple took out $394000 mortgage 10 years ago, for 30 years of monthly payments at 6.50% monthly. They made payments for the last 10 years and the new mortgage will be for 30 years at 3.90%. The mortgage monthly payments are?
2. An account pays a rate of 6% quarterly coumpounded. At the end of each year the investor will contribute 10,000. What will be the account value in 20 years?
3. "Corporate investment decisions generate profits, which is generally reflected in current dividends, E(D1), and the long-term growth rate for dividends, g. However, E(D1) and g are not affected by corporate financing decisions." True or false?