Question: Problem 39 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,300 in one year. The appropriate interest

Problem 39 Intro Your favorite aunt has promised to help you
with your school expenses by giving you $1,300 in one year. The

Problem 39 Intro Your favorite aunt has promised to help you with your school expenses by giving you $1,300 in one year. The appropriate interest rate is 16%. Attempt 1/10 for 8 pts. B Part 1 You wonder how much your aunt's promise is worth. What is the value in current dollar terms of the $1,300 promised for next year? No decimals Submit Intro You bought your house 6 years and 4 months ago. To finance the purchase, you took out a 15-year fixed-rate mortage to borrow $600,000 at an interest rate of 10.8% (APR). You just made a mortgage payment and now want to refinance the mortgage. B Attempt 1/10 for 12 pts. Part 1 How much do you owe on your existing mortgage? No decimals Submit

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