I WILL UPVOTE!! PLEASE ANSWER IN A PARAGRAPH FOR EAC QUESTION WITH AN EFFICIENT EXPLANATION!! THANKS!

1. The bank pays 4% annual percentage rate (APR) on deposits. How much is interest earned on interest for very $10000 you save if the interest is compounded quarterly. How do you explain the difference between APR and effective annual interest rate (EAR) compounded quarterly? What is a Canadian Mortgage? The September 2020 update on house prices, states that the average price of a house in Windsor is $430,000. A family has saved 5% of this amount that is required to make a down payment for an average home. If the current posted rate is 3% would you recommend a family with a monthly income of $5000 buy a house? The Canadian Housing Mortgage Corporation recommends that the cost of a mortgage should not exceed 35% of your monthly income. What is the fundamental role of finance in the economy? What has been the focus of financial innovation from Shylock to the Medicis and to the current day (blockchains)