Question 6 1 pts On the day that his son is born, a father wishes to determine what lump sum amount would have to be paid into an account bearing interest of 12% per year to provide withdrawals of $2,000 on each of the son's 18th 19th 2017, and 214 birthday. What is the amount of the lump sum that the father needs to deposit on the day of his son's birth? Question 7 1 pts A person borrows $5.000 at an interest rate of 18%, compounded monthly Monthly payments of $167.10 were agreed upon. What is the length of the loan