To borrow $3,700, you are offered an add-on interest loan at 9.3 percent with 12 monthly payments. Compute the 12 equal payments. (Round your answer to 2 decimal places.) Equal payment Compute the EAR of the loan. (Do not round intermediate calculations and round your final answer to 2 decimal places.) EAR What is the value in year 6 of a $1,800 cash flow made in year 8 if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Value in year 6 Problem 5-52 Investing for Retirement (LG4, LG9) Ross has decided that he wants to build enough retirement wealth that, if invested at 5 percent per year, will provide him with $3,800 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires. How much money does he need to contribute per month to reach his goal? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Contribute per month