Question: Question 6 Not yet saved Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the loan is

Question 6 Not yet saved Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the

Question 6 Not yet saved Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the loan is repaid in 10 equal year-end payments over the 10 years, the amount of the loan outstanding at the end of the 5th year will be: Marked out of 1.00 P Flag question Select one: a. Less than $150,000 b. Greater than $150,000 C. Equal to $150,000 Question 7 Not yet saved Marked out of 1.00 A prize pays $15,000 each quarter for 4 years (16 payments)commencing in exactly 6 months' time. If the appropriate discount rate is 11.6% p.a compounding quarterly, the value of the prize today is (round to nearest cent; don't use $ sign or commas): [HINT: the annuity is deferred] P Flag question a. $184514.15 b. $189865.06 c. $1369386.69 d. $41170.91

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