1. A 15 year home loan of $200000 at 8.25% compounded monthly is obtained. a. Find the montly payments rounded up to the next cent. $ b. State the total amount of interest paid on the loan assuming that it is kept for 15 years and all payments are the same. $

2. A person inherited $72000 and invests it immediately at 9.5% compounded monthly. The person decides to quit his/her job and withdraws $1850 at the end of each month for as long as possible. a. How many full withdrawals of $1850 can be made? full withdrawals b. What is the amount of the smaller concluding withdrawal at the end of the next month? $