You purchased a home on january 1, 1985 with a $100,000 mortgage requiring 30 equal annual payments at 10% interest with the first payment due on january 1, 1986. the bank sold your mortgage to an investor on january 1, 1992, immediately after receiving your 7th payment. the yield to the investor is 8%. determine the bank’s overall return on its investment.

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.