ONLY ANSWER IF YOU WILL ANSWER ALL THE QUESTIONS If a note in the amount of $112, 450 specified monthly payments over a period of 30 years at 11.3% interest per annum, what is the first months interest payment?

Group of answer choices

a. $1,016.12

b. $1,058.90

c. $1,082.41

d. $998.72

The Johnsons sold their home and had to carry back a second trust deed and note of $5, 310 at 11.5% interest. If they sold the note for $3,823.20 before any payments had been made, the discount rate came to:

Group of answer choices

a. 54%

b. 25%

c. 72%

d. 28%

An income property was appraised for $100,000 using a 6% capitalization rate. If an appraiser used an 8% capitalization rate, the value of the property would be:

Group of answer choices

a. $85,000

b. $75,000

c. $90,000

d. $70,000