1. You paid $30,000 down to purchase a new house for 70,000 and agreed to pa the rest over the next 30 years in mothly payment plus 4% compounded monthly on the unpaid balance. What will these mothly equal payment be? 2. Give the following data, find the conversion cycle. # of days payable are outstanding 20 days # of days items are in inventory 10 days # of days it takes to collect credit sales 15 days