1. If you wanted to earn $925 every month in interest from a savings account, how much would you need to place in the account at the end of each month if the interest rate is 4.23% compounded monthly? How would it affect the answer if you wanted the payments to start today? * Your answer 4 2. If you wanted to earn $925 every month in interest from a savings account, how much would you need to place in the account at the end of each month if the interest rate is 4.23% compounded semiannually? How would it affect the answer if you wanted the payments to start today? Your answer 3. What amount should you invest now if you want to receive payments of 4 po $1520 at the end of each quarter for nine years with the receipt of the first payment two years from now? Assume that money earns 2.31% compounded quarterly. * 3. What amount should you invest now if you want to receive payments of 4 points $1520 at the end of each quarter for nine years with the receipt of the first payment two years from now? Assume that money earns 2.31% compounded quarterly. * Your answer 4. What amount should you invest now if you want to receive payments of 6 points $1520 at the end of each month for nine years with the receipt of the first payment two years from now? Assume that money earns 2.31% compounded quarterly. 10 1. Healy obtained a 2-year loan of $65,000 for a major refit of a troller. The loan contract requires payments at the end of each quarter with interest at 3.21% compounded quarterly. Construct a full amortization schedule of the loan. * Your answer 8 pc 2. The Manny takes a 6-year car loan of $42,500 at 2.99%, compounded monthly. If the payments are done at the end of the quarter, make a partial amortization schedule showing the details of the 1st year of payments. * Your answer 6 poir 3. The Manny takes a 6-year car loan of $42,500 at 2.99%, compounded monthly. If the payments are done at the end of the quarter, compute the interest and principal portion and principal balance after the 3rd year of payment. * Your