Question: please help me out to answer those two questions. thumps up later on. What would be the future value if the interest rate is a

please help me out to answer those two questions. thumps up later on.

on. What would be the future value if the interest rate is

What would be the future value if the interest rate is a simple rate? What would be the future value if the interest rate is a compound interest rate? What is the difference between the total interest earned in (a) and (b)? What best xxplains that difference? Prob 13 Determine the annual payment on a $15,000 loan that is to be amortized. over a four-year period and carries a 10% interest rate. Also prepare a loan amortization schedule for this loan

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