Question: 2 pts D Question 3 What is the difference in present value between a perpetuity that pays $8,500 per year and an ordinary annuity that

2 pts D Question 3 What is the difference in present value between a perpetuity that pays $8,500 per year and an ordinary annuity that pays $8,500 per year for 20 years? Assume a discount rate of 15%. 2 pts Question 4 An ordinary annuity has a present value of $7,000 when discounted at a rate of 6.0%. What would be the difference in present value if this were an annuity due? Question 5 2 pts You want to buy a house and have determined you can afford a 30 year mortgage with monthly payments of $1.632. If the APR on the loan is 6.0%, how much home can you afford to buy

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