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1. What will be my monthly payment on a 7-year, $95,000 loan at a 5% APR? I 2. If I save $2,000 each year beginning

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1. What will be my monthly payment on a 7-year, $95,000 loan at a 5% APR? I 2. If I save $2,000 each year beginning now, how much will I accumulate in 5 years at a 5% interest rate? 3. If the APR is 6%, what is the EAR or EAY if payments are made A) B) monthly? annually

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