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1. What will be my monthly payment on a 15 -year, $295,000 loan at 5% interest rate? 2. If I save $5,000 each year beginning

1. What will be my monthly payment on a 15 -year, $295,000 loan at 5% interest rate? 2. If I save $5,000 each year beginning now, how much will I accumulate in 20 years at 5% interest rate? 3. What is the present value of a $10,000 gift that you will recelve 5 years from today at 6% interest rate

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