Question: please show all work for both questions 2.5 pts Question 26 1. Western Bank offers you a loan of $22.000 for a 6-year term at

please show all work for both questions

2.5 pts Question 26 1. Western Bank offers you a loan of $22.000 for a 6-year term at 7 percent annual interest What is the annual loan payment you need to make to the bank? 2. Two mutually exclusive projects have an initial cost of $22.000. Project A produces cash inflows of $11.200, $700 and $13.500 for years 1 through 3 respectively. Project produces cash inflows of $4,700, 13.500 and 12,000 for years 1 through a respectively. The required rate is 10 percent which project would you choose to invest in and why? Upload Choose a File

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