1. Do global strategies always make sense? Why or why not?
2. You are buying a new house, and you have negotiated a 15-year mortgage loan with a local bank for an amount $286,000 at 4.77 percent APR with monthly compounding. What would your monthly payment be? Round it to two decimal place (cents)
3. What is the future value of a 19-year ordinary annuity with annual payments of $61,000, evaluated at a 7.3 percent interest rate? Round it to two decimal places.