ANSWER questions 1,(b),(c),(d), and 2.

Q1) Prepare the first row of a loan amortization schedule based on the following information. The loan amount is for $45,084 with an annual interest rate of 07.00%. The loan will be repaid over 24 years with monthly payments. a) What is the Loan Payment? b) What portion of this payment is interest? b c) What portion of this payment is Principal? d) What is the Loan balance after first monthly payment? Q2) What is the most you would be willing to pay for a investment that will pay you $597 in one year, $409, in two years, and $678 in three years, if your required rate of return for this type of investment is 20.00% ? When inputting an answer, round your answer to the nearest 2 decimal places.If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places