Question 9: I invested $600,000 in a cattle ranch and I sold that ranch for $1,800,000 ten years later. What was my annual percentage rate return? Question 10: How much can I borrow for the purchase...

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Extracted text: Question 9: I invested $600,000 in a cattle ranch and I sold that ranch for $1,800,000 ten years later. What was my annual percentage rate return? Question 10: How much can I borrow for the purchase of my first home if I can afford to make monthly payments of $1,000, and the annual interest rate is 4.8 percent on a 30-year mortgage?