Question: 22 -How much will Alex pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5%

22-How much will Alex pay on a 25 year, $400,000 mortgage if you make monthly payment at the beginning of month? Interest is 3.5% compounded annually.

Select one:

a. $1,991

b. $1,979

c. $1,968

d. $1,985

e. $1,973

23-The Ordo Inc. is preparing to pay its first dividends. It is going to pay $.60, $1.10, and $1.50 a share over the next 3 years, respectively. After that, the company has stated that the annual dividend will be $1.98 per share indefinitely. What is this stock worth to you per share if you demand a 9% rate of return?

Select one:

a. $19.08

b. $18.65

c. $18.22

d. $20.11

e. $19.62

-Just the correct Letter for each question, without any any any explanation at all, please! And I'll put a Like. But don't explain the TWO answers -Just answer the questions if you're 100% sure about the correct answers, please!

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