Ishani has taken out a loan for server equipment for her business totaling $15,000. The loan will be repaid by making end of quarter payments of $399.54 for the next 11 years. If interest is 2.9% compounded monthly, find the balance on the loan at the end of the 4th year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 4th year: $ Check Answer Arman has a mortgage of $597,000 through his bank for property purchased. The loan is repaid by end of month payments of $4,317.71 with an interest rate of 6.67% compounded monthly over 22 years. What is the interest paid in the 7th year of the mortgage? Enter a POSITIVE VALUE for the answer, rounded to two decimal places. P1 = P2 = = Interest paid in 7th year = $ (enter a positive value) Chloe has a mortgage of $353,000 through her bank for property purchased. The loan is repaid by end of month payments of $2,440.11 with an interest rate of 5.2% compounded monthly over 19 years. What is the interest included in the 30th payment of the mortgage? Enter a POSITIVE VALUE rounded to two decimal places. $ Jacob took a $62,000 loan at 2.4% compounded monthly and decided to make end of month payments of $1,926. 1) How many payments will Jacob have to make to amortize this loan? ? (rounded to the next higher whole number) 2) What will the size of his final payment be? $ (enter a positive value)