Payments (PMT) 1)Jordan purchased a car for $30,000. He paid 10% of the cost as a down payment and financed the balance amount at 7% compounded monthly for five years. What is the size of the payment made at the end of each month to settle the loan? 2)Misty has graduated and must repay a $9,000.00 student loan. Interest is 6.25% compounded monthly and the term of the loan is seven years. She decides to make her first payment today. a. How much will her monthly payment be? b. What is the total amount of interest Misty will pay on the loan? 3)Ramone wished to have $250,000 in his savings account by the time he retires. He has 12 years to make contributions. Current interest rates are 6.6% compounded monthly. c. How much must Ramone contribute at the end of each month in order for him to reach his goal? d. How much of the $250,000 is attributable to Ramone's contributions and how much is the interest that has been earned? 4)Cyrus purchased a networking system for his office for $20,000 using a five-year loan at 6.5% compounded daily. If the first payment was made a month from when he purchased the system, what is the size of the monthly payment