Show transcribed image text 11One of your financing options is an interest only balloon loan on a $200000 thirty year mortgage with monthly payments and an interest rate of 7.5% APR compounded monthly. Which of the following statements is correct? (5 Pts) a Monthly payments are $1,500, and a balloon payment is $200,000 after 30 years. b Monthly payments are $1,500 and a balloon payment is more than $200,000 after 30 years C Monthly payments are $1250, and a balloon payment is $200,000 only after 30 years d. Monthly payments are $1,250, and a balloon payment is $200,000 at any time the loan is paid off. 12. Which of the following is not a requirement for an asset to be depreciable? (2 pts) ait must have a life longer than 1 year b. It must have a basis (initial purchase price plus installation cost) greater than $1,000 C. It must be held with the intent to produce income d. It must wear out or get used up 13. MACRS depreciation deductions are a combination of which other methods of depreciation? (2 Pts) a Sum-of-years' digits and straight line im-ofyears' digits and declinig balance C. Double declining balance and 150 percent declining balance d, Double declining balance and straight line