Question: Please help Question 1 1 pts After graduating from UCF. you plan to purchase a small condominium for $100,000. You will be required by the

Question 1 1 pts After graduating from UCF. you plan to purchase a small condominium for $100,000. You will be required by the bank to put a down payment of 10% of the purchase price. You plan to finance the loan for 15 years. Assume monthly payments and a nominal rate (monthly compounding) of 3%. What percentage of the first 25 payments goes toward paying interest? Approximately 66% O Approximately 42% O Approximately 58% O Approximately 34% Approximately 25% Question 2 1 pts Lexington's bond has an 11.5% coupon rate, pays interest semiannually, and matures in 15 years. If the investors' annual required rate of return is 10%, the value of the bond is: o $1,115 O $1,830 O $1.156 0 $1,220 O $1,231
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