For each question please include the values for the time periods, the annual interest/discount rate, the payment amount, the Future Value, and the Present Value.

1. Calculate the monthly payment for a home loan in San Francisco of $1,500,000 financed at 8% over 30 years. Note: the buyer will only finance 80% of the purchase price and make a down payment of 20%.

2. Calculate the monthly payment for a home loan of $650,000 financed at 7.5% over 15 years.

3. Calculate the number of months it will take $50,000 to grow to $5,000,000 assuming an annual interest rate of 9%, compounded monthly.