Hello, Could I have a step-by-step explanation to solve this exercise ?

On April 1, 2014, Able Co borrows $200,000 for four years from the Toy Company to obtain funds to buy a piece of commercial property. As collateral, Able Co. gives Toy Company a mortgage on the manufacturing plant that it owns and that are on its books at a cost of $50,000. Interest is charged on the unpaid balance of the loan principal at an interest rate of 4 percent per year compounded semiannually. Payments are due on April 1 and October 1 of each year. Able co agrees to make eight payments over the four years of the mortgage so that when the last payment is made on April 1, 2018, the loan and all interest will have been paid. The first seven payments are to be equal. The eighth payment is to be just large enough to discharge the balance of the loan. Able Co. closes its books annually on December 31 and uses the effective interest method.

Each equal payment from October 2014 to October 2018 is equal to (round to the nearest hundred):

a)$52,500

b) $22,300

c) $22,200

d)$27,300

e)None of the other alternatives are correct / Not enough data provided to calculate it

Indicate whether the statement is true or false, and justify your answer. (1) A risk-averse individual prefers a certain outcome to an uncertain outcome with the same expected income. (2) Insurance represents a transfer of wealth from healthy states to sick states. (3) When insurance is fair, in a sense, it is also free. IL. Short Aerwer Questions: 1. What is scarcity and why does it exin? How is scarcity related to the study of economics? 10 points 2. Discuss the three fundame tions that all nations must address. 10 points 3. Draw a supply and demand curve for cars and graphically illustrate the effect of an increase in the price of steel (an input). Label all axes and curves. 10 points 4. Draw a PPF with cars on the x-axis and TV's on the Y axis. Make sure the PPF exhibits increasing opportunity costs. 10 pointsDemand for a new product will decline as competitors enter the market. If interest is 10%, what is an equivalent uniform value? Year Revenue 1 $24,000 2 18,000 3 12,000 4 6,000 24,000 13,000 12,000 A' A' A' A\" 6000 01234 = 01234 A. $15,714 per year B. $15,714 per halfyear C. $15,614 per year D. $15,614 per half year E. No correct answer QUESTION 1 Exhibit: Supply and Marginal Factor Cost Price SO $2 $4 $6 $8 $10 Quantity 2 3 4 5 supplied per period Total factor SO $2 SB $18 $32 $50 cost Marginal Factor Cost Reference: Ref 14-1 (Exhibit: Supply and Marginal Factor Cost) How many units of the factor will be supplied at a factor price of $6? DA. 2 B. 3 OC.4 D, It cannot be determined