Please help me answer these 2 questions:

1. You want to buy a new Tesla car that costs $60,000 and want to borrow the entire amount. If a local credit union offers you a loan for $60,000 at 1% monthly rate for five (5) years, compute your monthly payment on the loan.

2. You plan to retire in 30 years and want to have $1 million in the retirement account when you retire. You opened up an IRA account with a mutual fund company where you invest a given amount of money (x) every month for 30 years. How much money (x) will you have to invest every month to achieve your goal?

7. You want to buy a new Tesla car that costs $60,000 and want to borrow the entire amount. If a local credit union offers you a loan for $60,000 at 1% monthly rate for five ( 5 ) years, compute your monthly payment on the loan. ( 5pts ) 8. You plan to retire in 30 years and want to have $1 million in the retirement account when you retire. You opened up an IRA account with a mutual fund company where you invest a given amount of money (x) every month for 30 years. How much money (x) will you have to invest every month to achieve your goal? (8 pts)