Question: A student borrows $56,400 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 30 year payment plan. The payment size

 A student borrows $56,400 at 8.4% compounded monthly. Find the monthlypayment and total interest paid over a 30 year payment plan. Thepayment size is $ (Round to the nearest cent.) Find the size

A student borrows $56,400 at 8.4% compounded monthly. Find the monthly payment and total interest paid over a 30 year payment plan. The payment size is $ (Round to the nearest cent.) Find the size of each of 4 payments made at the end of each year into a 9% rate sinking fund which produces $56000 at the end of 4 years. The payment size is $ (Round to the nearest cent.) Find the amount of each payment to be made into a sinking fund which earns 5% compounded quarterly and produces $54,000 at the end of 2.5 years. Payments are made at the end of each period. The payment size is $((Round to the nearest cent.)

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