1. You borrowed $290,000 to purchase a home using a fifteen year mortgage with a stated rate of 3.125 percent per annum, and monthly payment. Calculate your loan balance just after making payments for six years.
A. $231,822
B. $189,968
C. $207,967
D. 184,009
2. What is the future value of $10,000 invested at 6.0% , compounded monthly for 5 years ?___
A) $ 13,000.0
B) $ 12,875.2
C) $ 13,488.5
D) $ 18,167.3