Question: I need solve this question QUESTION 3 Calculate the Interest portion of the 20th payment made for a $20,000 five-year loan. Consider an APR of

I need solve this question QUESTION 3 Calculate the Interest portion

I need solve this question

QUESTION 3 Calculate the Interest portion of the 20th payment made for a $20,000 five-year loan. Consider an APR of 12% compounded monthly. O $590.97 O $146.08 O $149.04 O $444.89 QUESTION 4 Suppose you take a $100,000 loan for 10 years at an 8% interest rate compounded yearly. What is the remaining balance of this loan at the end of year 5? Consider that payments are done annually? O $49,360.46 O $59,503.15 O $39,360.46 O $90,757.36

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