1. A firm recently purchased a new facility costing $984 thousand. The firm financed this purchase with an amortized loan at an interest rate of 8.8 percent APR, with monthly payments of $23.9 thousand. How long will it take to pay off this loan? (Enter answer in months, accurate to two decimal places.)2. An investment is expected to produce $2,399 at the end of each year for the next 13 years. Other investments of similar riskiness available to you are yielding 11 percent return. What is the maximum you should be willing to pay for this investment?3. You are not thrilled about spending your entire life working. So, you have decided that you will save $9 thousand a year, starting at the end of this year, and retire as soon as you can accumulate $1 million. If you can earn an average of 7.23 percent on your savings, how many years will pass before you get to retire?Enter answer in years, accurate to two decimal places.4. GDebi, Inc. plans to issue 4.7 percent coupon bonds, with annual coupon frequency, 18 years to maturity and $1000 face value. If the prevailing market yield on bonds of similar riskiness and maturity is 5.4 percent, what would be the market price of GDebi’s bonds?5. How much money must you invest today, at 5.4 percent fixed annual interest rate, in order to have 10 thousand in 19 years?