(Annuity payments) To pay for your education, you've taken out $23,000 in student loans. If you make monthly payments over 13 years at 8 percent compounded monthly, how much are your monthly student loan payments? The monthly payment of your student loan is \$ (Round to the nearest cent.) (Annuity payments) You plan to retire in 6 years and buy a house in Oviedo, Florida. The house you are looking at currently costs $80,000 and is expected to increase in value each year at a rate of 3 percent. Assuming you can earn 13 percent annually on your investments, how much must you invest at the end of each of the next 6 years to be able to buy your dream home when you retire? a. If the house you are looking at currently costs $80,000 and is expected to increase in value each year at a rate of 3 percent, what will the value of the house be when you retire in 6 years? (Round to the nearest cent) (Future value of an annuity) Upon graduating from college 30 years ago, Dr. Nick Riviera was already planning for his retirement. Since then, he has made deposits into a retirement fund on a quarterly basis in the amount of $450. Nick has just completed his final payment and is at last ready to retire. His retirement fund has earned 11 percent compounded quarterly. Use five decimal places for the periodic interest rate in your calculations. a. How much has Nick accumulated in his retirement account? b. In addition to this, 10 years ago Nick received an inheritance check for $15,000 from his beloved uncle. He decided to deposit the entire amount into his retirement fund. What is his current balance in the fund? a. The amount Nick has accumulated in his retirement account is $ (Round to the nearest cent.)