A) Your friend is applying for a mortgage. His credit score is moderate due to past late payments, but he is working on improving it. What mortgage type can he expect to be approved for, and will the rate to be as good as that of a prime mortgage?
B) You are working on the calculation of a future value interest factor for a loan. You have a table of present value interest factors and, using it in combination with percentage and period, find a present value interest factor of 0.557. Could you use this number to immediately calculate future value interest factor? If so, what would it be?