3. [-/5 Points] DETAILS TANAPMATH7 4.1.058. MY NOTES ASK YOUR TEACHER A young man is the beneficiary of a trust fund established for him 18 years ago at his birth. If the original amount placed in trust was $40,000, how much will he receive if the money has earned interest at the rate of 6%/year compounded annually? Compounded quarterly? Compounded monthly? (Round your answers to the nearest cent.) compounded annually $ compounded quarterly compounded monthly $ 4. [-/5 Points] DETAILS TANAPMATH7 4.3.024. MY NOTES ASK YOUR TEACHER A group of private investors purchased a condominium complex for $2 million. They made an initial down payment of 12% and obtained financing for the balance. If the loan is to be amortized over 15 years at an interest rate of 9.6 %/year compounded quarterly, find the required quarterly payment. (Round your answer to the nearest cent.) 5. [-/5 Points] DETAILS TANAPMATH7 4.2.023. MY NOTES ASK YOUR TEACHER The Pirerras are planning to go to Europe 3 years from now and have agreed to set aside $180/month for their trip. If they deposit this money at the end of each month into a savings account paying interest at the rate of 3%/year compounded monthly, how much money will be in their travel fund at the end of the third year? (Round your answer to the nearest cent.)