You are able to purchase a mortgage note from a bank for $405,000 that gives you the right to receive $80,700 in each of the next 7 years. What is the yield on this investment? a. 4.18% b. 9.09% c. 13.35% d. 10.83% A friend wants to borrow $10,000 to invest in the stock market and agrees to return $27,500 at the end of the fifth year from today. What is the yield to you? 9) a. 26.06% b. 32.15% c. 22.42% d. 10.90% You bought an apartment building with $75,000 cash and a mortgage loan of $400,000. The loan was made at an interest rate of 4.25% and requires monthly payments for 20 years. What are the monthly payments? 10) a. $1,510.69 b. $2,476.94 c. $255.33 d. $1,840.21