2-24. You deposit $10,000 (Time 0) in a bank that pays interest at a 6.00% nominal...

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2-24. You deposit $10,000 (Time 0) in a bank that pays interest at a 6.00% nominal annual rate compounded every 3 months. A great, great aunt is expected to give you $30,000 at the end of 60 months. You wish to borrow as much as you can at the end of 18 months. You intend to pay off the loan at the end of 60 months with the $30,000 that auntie gives you and the principal and interest from the $10,000 deposit at time 0. You cannot withdraw the $10,000 or any interest generated from the bank until the end of 60 months (bank rules won't allow it). The interest rate on the loan is 12% nominal annual rate compounded every 3 months. b. What is the maximum amount that you can borrow at the end of 18 months? 2-24. You deposit $10,000 (Time 0) in a bank that pays interest at a 6.00% nominal annual rate compounded every 3 months. A great, great aunt is expected to give you $30,000 at the end of 60 months. You wish to borrow as much as you can at the end of 18 months. You intend to pay off the loan at the end of 60 months with the $30,000 that auntie gives you and the principal and interest from the $10,000 deposit at time 0. You cannot withdraw the $10,000 or any interest generated from the bank until the end of 60 months (bank rules won't allow it). The interest rate on the loan is 12% nominal annual rate compounded every 3 months. b. What is the maximum amount that you can borrow at the end of 18 months?