please how know answer these question Q1)Carissa's parents were unable to pay for her last year of college, so she obtained a student loan of $7000. The conditions of the loan were: She would make no payments while in college, but the interest would accumulate at 3.8% compounded monthly. Upon graduation she would begin equal monthly payments that would repay the loan in seven years. (Round your final answers to two decimal places. (a) What was the amount of the loan when she graduated one year later? (b) What monthly payments will repay the loan in seven years? Q2) Alice borrows $12,000 to buy a car. She pays 5.2% interest compounded monthly and the loan is for 5 years. Find the monthly payments. (Round your answer to two decimal places.) Q3)Raul wins $7 million in a lottery. He is paid the winnings at $350,000 per year for 20 years. The lottery establishes an annuity that makes the annual payments. How much should the lottery place in the annuity if it earns 3% compounded annually? Q4)Find the amount borrowed for the loan described. (Round your answer to the nearest cent.)

R = $307.10, the annual interest rate is 6.3%, and payments are made monthly for 4 years. Q5)A 13-year-old child received an inheritance of $5000 per year. This was to be invested and allowed to accumulate until the child reached 21 years of age. The first payment was made on the child's 13th birthday and the last on the 21st birthday. If the money was invested at 6.1% compounded annually, what did the child receive at age 21? (Round your final answer to two decimal places.)