1. Valeria owns a home worth $1,400,000, with a mortgage balance of $1,050,000. She borrows $50000 to purchase a speedboat, using a home equity loan. What is the total amount of debt on which Valeria can deduct interest in the current year?
2. You've learned fundamentals of financial derivatives. Now think as if you were a financial advisor. Your client is interested in investing in the stock market, and particularly, the S&P Index. Both you and your client are expecting that the stock market is going to perform
3. Jane has decided to deposit $1,000 into an investment fund at the end of 1 year and follow it up by doubling the annual amount each years 2-5. If she stops depositing money after year 5 and earns 10% per year on the investment, how much money will she have accumulated at the end of year 10?