Question: Q 1 ) Compute how much money you would need to invest each year in the future for U + 2 0 years in order

Q1) Compute how much money you would need to invest each year in the future for U+20 years
in order to have $1 million in U+20 years if you earn 4.15% per year.
Q2) Compute the monthly payment on a fully amortizing 15-year mortgage of $347,000+U dollars
if the APR is 5.96%?
Q3) Compute the effective interest rate on a 3-year business loan for $75,000 arranged over the
internet that requires equal monthly payments and has an APR of U+4%.
Q4) Compute the monthly payment on a standard 6-year car loan of $45,000+U dollars if the APR
is 5.99%?
Q5) Compute the monthly payment on a standard ten-year student loan of $38,000+U dollars if the
APR is 6.53%?
My U value is =26
 Q1) Compute how much money you would need to invest each

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