1.) Find the amount needed to deposit into an account today that will yield a typical pension payment of $40,000 at the end of each of the next 12 years for the given annual interest rate. (Round your answer to the nearest cent.)

4.1%

2.) Find the monthly payment needed to amortize a typical $120,000 mortgage loan amortized over 30 years at an annual interest rate of 6.9% compounded monthly. (Round your answers to the nearest cent.) $

Find the total interest paid on the loan.

$