lon Assignments on WebWork Assignment 8 (WebWork) nt 8 (WebWork) D Previous Problem Problem List Next Problem (6 points) A loan of $55,000 at an effective annual interest rate of 7.75% is sold 5 years after the loan was made to an investor who values the loan at an effective annual interest rate of 1.75%. Find how much the investor will pay for the loan in each of the following cases: a) The loan is repaid in 10 equal annual installments starting one year after the loan was made. Answer = $ 38478. b) The loan is repaid in 40 equal quarterly installments starting one year after the loan was made Answer = $ 45501. Click for a hint Preview My Answers Submit Answers You have attempted this problem 1 time. You have 1 attempt left balore new version will be requested. Your overall recorded score is 3396 lon Assignments on WebWork Assignment 8 (WebWork) nt 8 (WebWork) D Previous Problem Problem List Next Problem (6 points) A loan of $55,000 at an effective annual interest rate of 7.75% is sold 5 years after the loan was made to an investor who values the loan at an effective annual interest rate of 1.75%. Find how much the investor will pay for the loan in each of the following cases: a) The loan is repaid in 10 equal annual installments starting one year after the loan was made. Answer = $ 38478. b) The loan is repaid in 40 equal quarterly installments starting one year after the loan was made Answer = $ 45501. Click for a hint Preview My Answers Submit Answers You have attempted this problem 1 time. You have 1 attempt left balore new version will be requested. Your overall recorded score is 3396