1. What amortization payment (in $) would you need to make each month at24% interest compounded monthly to pay off a loan of $15,000in 2 years? UseTable 12-2.(Round your answer to the nearest cent.)

2) Solve by using tablesTable 12-1andTable 12-2.

Jennifer Kaufman bought a used Toyota Prius for $16,500. She made a $4,500down payment and is financing the balance at a particular bank over a 3 year period at 12% interest. As her banker, calculate what equal monthly payments (in $) will be required by Jennifer to amortize the car loan. (Round your answer to the nearest cent.)

3) Tara wishes to accumulate $27,000in5years. Use the appropriate formula to find the sinking fund payment (in $) she would need to make at the end of each six months, at4% interest compounded semiannually. (Round your answer to the nearest cent.)

4) Use the appropriate formula to find the amortization payment (in $) you would need to make each month, at12% interest compounded monthly, to pay off a loan of $4,500in5years. (Round your answer to the nearest cent.)