For each question below, please break out the TVM items note above: FV, PV, PMT, I/R, N as you solve the problem. You may not need every single variable to solve each problem.

-You purchase a new Buick for $30,000. You put down 20% when you purchase the car. If your loan is for four years, and your interest rate is 3%, what is the monthly payment for the Buick?

-You purchase a home in Los Angeles for $1,000,000. Your interest rate is 4% and you put down 25% of the purchase price. How much is your monthly payment if you have a 15 year loan?