Question: QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7 and you plan to pay the bank back with

QUESTION 4 For 2a)2(c) using the following information You borrow $10.000 today with interest rate 7 and you plan to pay the bank back with equal annual payment. Let us assume the first payment happen at the end of each year. Principal beg. year Payment end year Interest Principal 2) how much is the annual payment? 1674.678 QUESTIONS You borrow $10,000 today with interest rate 7%, and you plan to pay the bank back with 8 equal annual payment 200) How much is the interest payment for year 37 558.769 QUESTION 6 You borrow $10,000 today with interest rate 7% and you plan to pay the bank back with 8 equal annual payment. 2(C) How much is the balance of principle at the end of year 8

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