Scenario: You have just had a kid. You expect your kid to attend college in 18 years. You want to have 50,000 saved for your kids college education by the time they start college. If the current interest rates for the investment you are looking at are 4.04% (APR) compounded quarterly, then how much do you need to save each quarter? Question 4 1 pts Scenario: Suppose you want to take out a $150,000 semi annual loan from a bank. The maximum semi-annual payment you can afford is 7,000. The market interest rates are 7.90 APR. Under these conditions, what would the term of this loan be? (round answer to the nearest whole year) Question 5 1 pts Scenario: The interest rate on a 30 year mortgage is 5.75% (APR) compounded monthly, and the monthly payment is $5,200. What is the value of the mortgage loan? (round your answer to 2 decimal places)