1. You spot your dream home on 5021 Willow Terrace with a listing price of $625,000, and so you take out a standard 30-year mortgage loan for that amount from Bank of America. Rates have been lower during the pandemic, and the bank will charge you 1.7% compound interest. Assume you make periodic monthly payments (on time). Please show all work and box your answers. . 0 What is the minimum payment amount required to pay off the loan? What is the total amount paid? (i.e. principal + interest) What is your annuity factor? Briefly interpret this value in context. 2. You are 60 years old and have now set a goal to have $10,000 in an IRA account in five years. Suppose that you plan to make equal deposits into the account at the end of each month. The IRA account earns 3.6% compound interest. Please show all work and box your answers. How much should each deposit be? What is your annuity factor? Briefly interpret this value in context. 1. You spot your dream home on 5021 Willow Terrace with a listing price of $625,000, and so you take out a standard 30-year mortgage loan for that amount from Bank of America. Rates have been lower during the pandemic, and the bank will charge you 1.7% compound interest. Assume you make periodic monthly payments (on time). Please show all work and box your answers. . 0 What is the minimum payment amount required to pay off the loan? What is the total amount paid? (i.e. principal + interest) What is your annuity factor? Briefly interpret this value in context. 2. You are 60 years old and have now set a goal to have $10,000 in an IRA account in five years. Suppose that you plan to make equal deposits into the account at the end of each month. The IRA account earns 3.6% compound interest. Please show all work and box your answers. How much should each deposit be? What is your annuity factor? Briefly interpret this value in context