You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over 4 years (48 months), and the nominal interest rate would be 6%, with interest paid monthly. What is the monthly loan payment? Do not round intermediate calculations. Round your answer to the nearest cent.

$

What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places.

%

2.

Find the amount to which $450 will grow under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.

1. 12% compounded annually for 5 years.

   $

2. 12% compounded semiannually for 5 years.

   $

3. 12% compounded quarterly for 5 years.

   $

4. 12% compounded monthly for 5 years.

   $