1. Janice has graduated with a master’s degree in Business and has her dream job lined up. Their schooling unfortunately left them with a $53000 student loan.

1. (2 pts) Assuming Janice is given 20 years for repayment of their student loan at 3.8% APR, how much will their monthly payments be?

2. (2 pts) How much will they have paid on the loan after 20 years?

3. (2 pts) How much interest will they have paid after 20 years?

4. (2 pts) How much will they have left on their loan after 8 years?

Suppose you found a house you want to buy that is listed on Zillow for $525,000. a. (1 pts) How much would a 15% down payment be on this house? b. (2 pts) If your savings account offers a 4.25% APR compounded daily, how much would you need to deposit today in order to have the down payment saved within 5 years? c. (2 pts) Suppose you choose to save your down payment using a savings plan that offers a 5% APR. How much would you need to deposit each month in order to have the down payment saved within 5 years?