Question \#1: You want to establish an endowment fund that will pay a Lerner college professor $142,000 per year forever starting 7 years from today. The fund will earn an interest rate of 5%. How much must you donate today? Question \#2: If you have a student loan with an APR of 8% that has monthly payments, what is the EAR that you are paying? Question \#3 You want to buy a new car for $51,000 and the finance office at the dealership has quoted you a loan with an APR of 7 percent for 60 months to buy the car. What is your monthly payment? Show your detailed work with the answer. To submit this problem set: a. sign your name on the line above. b. take a picture that includes this problem set & your hand written answers c. upload the picture to Canvas prior to the due date (before 8AM on date of next class)