Question: Please show all work and display the answer neatly. I will rate positively. An amount of $15,000 is borrowed from the bank at an annual

Please show all work and display the answer neatly. I will rate positively.

Please show all work and display the answer
An amount of $15,000 is borrowed from the bank at an annual interest rate of 13%. a. Calculate the equal end-of-year payments required to completely pay off the loan in 4 years. b. Calculate the repayment amounts if the loan ($15,000) will be repaid in two equal installments of $7,500 each, paid at the end of second and fourth years respectively. Interest will be paid each year. Click the icon to view the interest and annuity table for discrete compounding when i = 13% per year. a. The equal end-of-year payments required to pay off the loan in 4 years are $ 5043 per year. (Round to the nearest dollar.) b. Fill in the table below. (Round to the nearest dollar.) Amount Owed Interest Total Money Total at Beginning Accrued Owed at Principal End-of-Year Year of Year for Year End of Year Payment Payment $ $ $ $ -X More Info Discrete Compounding; i = 13% Single Payment Uniform Series Compound Compound Sinking Capital Amount Present Amount Present Fund Recovery Factor Worth Factor Factor Worth Factor Factor Factor To Find F To Find P To Find F To Find P To Find A To Find A Given P Given F Given A Given A Given F Given P N F/P P/F F/A P/A A/F V/P 1.1300 0.8850 1.0000 0.8850 1.0000 1.1300 1.2769 0.7831 2.1300 1.6681 0.4695 0.5995 1.4429 0.6931 3.4069 2.3612 0.2935 0.4235 1.6305 0.6133 4.8498 2.9745 0.2062 0.3362 1.8424 0.5428 6.4803 3.5172 0. 1543 0.2843 2.0820 0.4803 8.3227 3.9975 0.1202 0.2502 Clear all Check answer 2.3526 0.4251 10.4047 4.4226 0.0961 0.2261 2.6584 0.3762 12.7573 4.7988 0.0784 0.2084 3.0040 0.3329 15.4157 5.1317 0.0649 0. 1949 10 3.3946 0.2946 18.4197 5.4262 0.0543 0.1843

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