Question: Calculate the required Future Value (For each repayment) to achieve the specified Present Values (Loans). Also calculate the Total Repayments and Total Interest. Assume an

Calculate the required Future Value (For each repayment) to achieve the specified Present Values (Loans). Also calculate the Total Repayments and Total Interest. Assume an interest rate of 8% p.a. (Round all answers to the nearest cent)

a) A present value of $8000 with yearly repayments over 5 years

b) A present value of $15000 with semi-annual payments over 4 years

c) A present value of $2000 with monthly repayment over 2 years

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