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11. Graduated payments result in the borrower paying /// /7Y B " — A. more at the beginning of the mortgage. B. less at the end of the mortgage. @less at the beginning of the mortgage. D. the mortgage at 1/2 the standard rate. P (>4 Dae )71 12. A truck costs $16,000 with a residual value of $1,000. It has an estimated useful life of five years. If the truck was bought on July 3, what would be the book value at the end of year 1 using straight-line rate? z%ffgggo [0 - 1,099 £ ,f~ s Jod y e _ /W e /! = $14,500 :' '_\\"\\\NH 1 $16,000 [fii""'" %,}uu& i Jixo | ¢ - (>~ ~ (> - {1,»»* )