You owe $22,000 on student loans at an interest rate of 5.2% compounded monthly. You want to pay off the loan in 14 years. What will your monthly payments be? How much interest do you pay? How much would you need to deposit in an account now in order to have $6000 in the account in 5 years? Assume the account earns 6% interest compounded monthly. You want to buy a $12,000 car. The company is offering a 5% interest rate for 36 months ( 3 years). What will your monthly payments be