QUESTION 1.1

QUESTION 1.2

QUESTION 1.3

Craig took a $44,000 loan at 2.32% compounded monthly and decided to make end of month payments of $1,224. 1) How many payments will Craig have to make to amortize this loan? (rounded to the next higher whole number) 2) What will the size of his final payment be? $ (enter a positive value) Keyanna has taken out a loan for server equipment for her business totaling $22,000. The loan will be repaid by making end of quarter payments of $560.40 for the next 12 years. If interest is 3.4% compounded monthly, find the balance on the loan at the end of the 4th year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 4th year: $ Gavin has a mortgage of $492,000 through his bank for property purchased. The loan is repaid by end of month payments of $4,191.21 with an interest rate of 4.58% compounded monthly over 13 years. What is the interest included in the 28th payment of the mortgage? Enter a POSITIVE VALUE rounded to two decimal places. $