For Essay Questions  7-14:  Select Five of these 8 questions.  IF you do not want to answer, you should write “SKIP” and move to the next question. Question A2                Explain the difference between a buyer assuming the mortgage and taking title “subject to” the mortgage.

For problems 2, 3, 4 and 5, answer 3 of these questions. (Write “SKIP” to the one you do not want graded) Bank A offers you a CD paying 8% compounded quarterly for 18 months (1 1/2 years).   Bank B offers a CD paying 7.96% compounded monthly for the same term.   You have $10,000 to deposit.  Which bank should you pick and how much better off will you be by picking that bank?  

There are two classes of people: those who are accident prone and those who are not. Accident prone people have probability 0.4 of accident in a one-year period. Not accident prone people have probability 0.2 of accident in a one-year period. 30% of population is accident prone. Find the probability that a new policyholder will have an accident within their second year of purchasing a policy if we know they had an accident in their first year? Type here or write out you work to solve the problem on scratch paper to be scanned and uploaded at the end of the exam time.Please include your Full Name, PSU ID, and Problem Number on each sheet of paper.  

When we refer to the text in a song or piece of music, what are we talking about?

Which of the following indicates strophic form?

‘High-pitched’ means the same thing as ‘loud volume’.

A crescendo indicates that the music is:

In any meter, the greatest emphasis is placed where?

Which of the following describes a specific category into which a piece of music falls, and it may also suggest the function (purpose) of the music?

A “pleasant” combination of pitches is called: