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C - ZOOM Single Pay - Simple Interest Method a. compute the final payment at the end of 5 years on a simple interes, single payment loan for $10,000 at an annual interest rate of 8%. b. compute the final payment at the end of 5 years on the same loan if accrued interest payments are made annually, c. compute the APR on both d. now assume the interest on the loan terms in (a.) above compounds annually, however is still paid at maturity. What would you compute the final payment and APR (you have to think about this one!). Single Pay - Simple vs. Discount Method a. find the total interest payment due on a single payment, simple interest $50,000 loan for 5 years, at an annual rate of interest of 5% b. compute the APR c. now assume same loan terms, however with interest paid applying the discount method. Calculate the loan proceeds and the APR. d. if the borrower needed $50,000 in loan proceeds on a discount loan, how much would the loan amount need to be? e. calculate the APR given that loan amount and terms Installment Loan - Simple Interest Method a. find the principal balance of a loan after twelve payments are made, given the loan terms below. b. determine the amount of interest paid over the first 12 months Installment Loan - Add-on Interest Method a. find the total interest payment due on a $50,000 monthly pay installment loan loan for 5 years, at an annual rate of interest of 5%, using the add-on interest method b. what is the payment on this loan? c. compute the APR on this loan