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2. (7 points) Suppose you just borrowed a 5-year student loan at the interest of 4%, with annual payment of $1200 which starts two years from now when he graduates. Based on this information, compute the loan amount you made by setting up the necessary equation as we discussed during class (explanation is what counts). 3. (6 points) A 5-year T-Note with the face value of $10,000 pays 4% coupon rate. If the current interest rate is 1%, what is the price for this bond? (Set up the relevant equation to solve.)