1. Suppose you want to borrow $30,000 to buy a car at interest rate 8% compounded monthly for 5 years (A) What is the monthly payment on this lonn? (b) Suppose after 2 years of payment you lose your job and couldn't keep up with the payment. The bank let you pay half your monthly payment each month for a longer loan term. How long will it take you to pay off the loan? 2. We deposit $10000 into a bank initially and then $100 each month afterward for 10 years. The bank pays 6% interest compounded monthly (11) What is the account balance after 10 years? (b) Suppose we decide to withdraw a fixed amount each month for 20 years, how ich can we withdraw each month