Hello, I need these questions answered within the next 30 minutes please. A tip of $10 or more will be provided.
1. You are looking at a 1-year loan of $1,001. If the quoted interest is 10% plus 1 points, what rate would you actually paying for this loan?
2. If an investment policy pays you $20,019 per year forever and you require 7.7% p.a. return on this investment, how much will you pay for this policy?
3. If you get a 4.5% 30-year mortgage of $200,000 today, what is the monthly payment?