Question: Q1 write the formula that returns the monthly payment on a $5,000 loan at an annual rate of 8% The loan is paid on for

Q1 write the formula that returns the monthly payment on a $5,000 loan at an annual rate of 8% The loan is paid on for 3 years with a remaining balance on the loan of 1,000 after 3 years. All payments are made at the end of the period. Q2 write the formula that returns interest payments for the $8,000 investment that earns 6% annually for 4 years. The interest payment is calculated for the 30th week and payments are due at the beginning of each week.

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