Suppose you save $200 per month and invest to earn 12% per year with monthly compounding. Your first $200 will be invested 1 month from now. In how many years, will you have at least one million dollars? A new car costs $30,000. No down payment is required. A 5-year loan with rate 6% per year is used. 60 monthly payments are required. The first payment is due in a month. For the 10th payment, how much is interest? In your answer, do not include the $ sign