Question: (1 point) (Exercise 5.20 ) A borrower is repaying a loan with 10 annual payments of $900. Half of the loan is repaid by the

(1 point) (Exercise 5.20 ) A borrower is repaying a loan

(1 point) (Exercise 5.20 ) A borrower is repaying a loan with 10 annual payments of $900. Half of the loan is repaid by the amortization method at 5.1% effective. The other half of the loan is repaid by the sinking fund method in which the lender receives 5.1% on the investment and the sinking fund accumulates at 4.1% effective. Find the amount of the loan. Answer to the nearest dollar. ANSWER =$ (1 point) (Exercise 5.20 ) A borrower is repaying a loan with 10 annual payments of $900. Half of the loan is repaid by the amortization method at 5.1% effective. The other half of the loan is repaid by the sinking fund method in which the lender receives 5.1% on the investment and the sinking fund accumulates at 4.1% effective. Find the amount of the loan. Answer to the nearest dollar. ANSWER =$

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