Question 18 (1 point) Juan just borrowed $109,000 to buy a new house. The loan will be repaid with equal, monthly payments over 30 years. The loan's annual percentage rate of interest is 5.50% ( monthly). Juan plans to repay the loan in full. What is his monthly payment? compounded Your Answer: Answer Question 19 (1 point) You want to buy a house in 7 years and expect to need $40000 for a down payment. If you have $14000 to invest, how much interest do you have to earn (compounded annually) to reach your goal? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of8.43%) Your Answer: Answer D View hint for Question 19