Question: (2 points) (Exercise 5.20) A borrower is repaying a loan with 10 annual payments of $1000. Half of the loan is repaid by the amortization

(2 points) (Exercise 5.20) A borrower is repaying a loan with

(2 points) (Exercise 5.20) A borrower is repaying a loan with 10 annual payments of $1000. Half of the loan is repaid by the amortization method at 4.8% effective. The other half of the loan is repaid by the sinking fund method in which the lender receives 4.8% on the investment and the sinking fund accumulates at 3.8% effective. Find the amount of the loan. Answer to the nearest dollar. ANSWER =$ (2 points) (Exercise 5.20) A borrower is repaying a loan with 10 annual payments of $1000. Half of the loan is repaid by the amortization method at 4.8% effective. The other half of the loan is repaid by the sinking fund method in which the lender receives 4.8% on the investment and the sinking fund accumulates at 3.8% effective. Find the amount of the loan. Answer to the nearest dollar. ANSWER =$

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