Question: Consider a $10,000 loan. Compute the initial payment amount for each of the given interest rates and repayment schedules. Assume all payments are made at

Consider a $10,000 loan. Compute the initial payment amount for each of the given interest rates and repayment schedules. Assume all payments are made at th of the payment interval 1. (a) 10 year loan, level yearly payments, annual effective interest rate i = 2.8% 5 year loan, level mionthly payments, interest rate 4% convertible monthly (c) 6 year loan, level quarterly payments, annual effective interest rate i = 5.9% (d) 5 year loan, yearly payments increasing by s200 eagh year, annual effective discount rate d-4% payment, interest rate is 8% compounded quarterly interest, the annual effective interest rate is t 3% (e) 8 year loan, monthly payments, each payment is 2% larger than the previou (f) 4 year loan, monthly payments consisting level principle amounts plus accrued

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