A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly, for 8 years, what are the quarterly payments? (Round your answer to the nearest cent.) Need Help? Read It Master It Talk to a Tutor -/1 POINTS HARMATHAP12 6.5.007. MY NOTES nav sors ASK YOUR TEACHER ASK YOUR TEACHER A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the homeowner borrow for 2 years at 6%, compounded monthly, and still stay within the budget? (Round your answer to the nearest cent.) Need Help? Read It Watch It Talk to a Tutor -/1 POINTS HARMATHAP12 6.5.021. MY NOTES ASK YOUR TEACHER A man buys a car for $39,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $700 for 48 months, how much must he put down? (Round your answer to the nearest cent.) Need Help? Read It Watch It Talk to a Tutor -/1 POINTS HARMATHAP12 6.5.025. w wees as TOUR TACNA A couple who borrow $60,000 for 15 years at 8.4%, compounded monthly, must make monthly payments of $587.33. (Round your answers to the nearest cent.) (a) Find their unpaid balance after 1 year. (b) During that first year, how much interest do they pay? Need Help? Read It Talk to a Tutor