You borrowed $30,000 today and need to pay it back with one payment in exactly two years. The applicable interest rate on the loan is 6.0% per year compounded monthly. Compute the lump-sum amount you need to pay two years from today. Loan amount Loan term (years) Interest rate (nominal) 30,000 2 6.0% Final loan repayment = Assume that you can pay back the loan with equal monthly payments at the end of each month. Compute the amount of each monthly payment. Monthly loan repayment =