1. The house you want to buy costs $367,800. You plan to make a cash down payment of 20% and finance the balance over 30 years at 5.25%. What will be the amount of your monthly mortgage payment?
A) $1,577.7
B) $1,624.8
C) $1,712.5
D) $1,887.5
2. A firm is considering a project that will produce cash inflows of $36,000 in year one, $54,800 in year two, and $72,900 in year three. What is the present value of these cash inflows if the company assigns the project a discount rate of 10%?
A) $106,713.06
B) $122,951.19
C) $131,333.33
D) $132,787.38