Question: please help with q1 and 2 just help with Q2 i got q1. D Question 1 5 pts Suppose in the example on slide 4,
D Question 1 5 pts Suppose in the example on slide 4, that you want to negotiate with the bank to defer the first loan installment until the end of year 2. (But you still desire to make five equal installments at interest if the bank wishes to earn the same profit. What should be the annual installment? $21062 $22326 None of these answers Question 2 5 pts You have borrowed $20,000 at an interest rate of 10compounded annually. Equal payments will be made over the audied with each payment made at the end of the corresponding year. What is the interest payment for the third year? None of these answers
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