Question: please please help Suppose you borrowed $31,000 at a rate of 10,0% and must repay it in 5 equal installments at the end of each

please please help

Suppose you borrowed $31,000 at a rate of 10,0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? Select the correct answer. a. $3,085.60 b. $3.09520 c. $3,100,00 d. 53,104.80 e. 53.090 .40 Tou plan to work for Strickland Corporation for 12 years after graduation and after that want to start your own business. You expect to save and deposit $7,500 a year for the first 6 years (t=1 through t=6) and $15,000 annually for the following 6 vears (t=7 through t=12). The first deposit will be made a year from today. In addition, four grandmother just gave you a $70,000 graduation gift that you will deposit immediately (t=0). If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now? Select the correct answer. a. 5404,338 b. $404,323 c 5404367 d. $404,352 c 3404308

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