Question: hey please I need help SECTION B: COMMUNICATION (............/10 POINTS) 1. Vivian needs to repay a $ 9400 debt. Her bank offers personal loans with

hey please I need help

SECTION B: COMMUNICATION (............/10 POINTS) 1. Vivian needs to repay a $ 9400 debt. Her bank offers personal loans with terms from one to five years at 8.8% per year, compounded monthly. a) Determine the monthly payment for a four-year term. Use formula and show your work. (3 points) b) Calculate the total interest paid on the loan if she makes monthly payment. (2 points) TVM Advanced Calculator c) Determine Vivian's payment if she chooses to Mode @ End . Beginning make bi-weekly payments. Use may use TVM Present Value PV Advanced Calculator (2 points) Payments PMT Future Value EV Annual Rate (%%) Rate Periods Periods Compounding d) Calculate the total interest paid on the loan if she makes bi-weekly payment. (2 points) e) Explain why changing the payment frequency reduces the total interest paid on the loan. (1 point)

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