Single$-$payment loan repayment$$Personal Finance Problem$$A person borrows $$$$190$ that he must repay in a lump sum no more than $9$ years from now. The interest rate is $7\mathrm{.}8\%$ annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty.

a$.$What amount will be due if the borrower repays the loan after $1$year$?$

b$.$How much would the borrower have to repay after $5$ years$?$

c$.$What amount is due at the end of the ninth $$year$?$

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Part $1$

a$.$The amount due if the loan is repaid at the end of year $1$ is $$$

$$

enter your response here.$($Round to the nearest$$ cent.$)$