please explain how to solve the problems. having torubke understanding where to start. ...
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please explain how to solve the problems. having torubke understanding where to start. 1. which of the following gives the smallest annual interest if 1 year is 365 days? a) 10.20% APR compounded annually b) 9.50% APR compounded quaterly c) 9.35% APR compounded monthly d) 9.30% APR compounded daily 2. you are considering buying a house. Your current annual salary is $100,000 and you want the monthly payment to be no more than 25% of your monthly income. You can get a 25-year mortgage at 4.2% APR. Insurance and taxes will be $300 per month and must be included when calculating your maximum loan amount. If you can make a down payment if $30,009, what is the maxmium amount you can spend on a house? a) $360,894 b) $416,650 c) $386,560 d) $330,895
a) $360,894
b) $416,650
c) $386,560
d) $330,895
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