Reference no: EM132709973

Problem 1: If you co-sign a loan,

1. You are not being asked to guarantee the debt

2. It is not your legal responsibility to pay the debt

3. You'll have to pay the debt if the borrower does not pay

4. The creditor must first try to collect from the borrower

5. The creditor cannot garnish your wages

Problem 2: If you had the option to invest $1,000 under the following options, which one would generate the highest return after two years?

1. Invested at 4.9% yearly, compounded annually

2. Invested at 4.75% yearly, compounded twice per year

3. Invested at 4.85% yearly, compounded three times per year

4. Invested at 4.65% yearly, compounded six times per year

5. Invested at 4.65% yearly, compounded 365 times per year