SOLVE IT USING DATA FROM GROUP 28 (QUESTION 1)

Group #1 Question 1 Question 2 Question 3 Question 4 Question 5 x1 x2 %) x 1 1x2 %)x1 x2 (%)x1 x2 (%) x1 (%) x2 ||$18,000 4% $20,000 0.25% $10,000 0.25% $2,000 4% 4% $50 2 822,000 5% $22,000 0.50% $12,000 0.50% 82,5005% 5% $100 3 $24,000 6% $24,000 0.75% $14,000 0.75% $3,000 6% 6% $150 4 $26.000 7% $26.000 1.00% S16,000 1.00% $3,500 7% 7% $200 5 $30,000 8% $28,000 2.00% $18,000 2.00% $4,000 8% 8% $250 6 $30,000 9% $30,000 3.00% $10,000 3.00% $4,500 9% 9% $50 |$20,000 10% $20,000 4.00%|$12,000 4.00% $5,000 10% 10% $100 8 822,000 12% $22,000 0.25% $14,000 0.25% $2,000 12% 12% $150 9824,000 15% $24,000 0.50% 816,000 0.50% $2,500 15% 15% $200 10 $26,000 18% $26,000 0.75% $18,000 0.75% $3,000 18% 18% $250 11 $28,000 20% $28,000 1.00% $10,000 1.00% $3,500 20% 20% $50 12 $30,000 25% $30,000 2.00% $12,000 2.00% $4,000 25% 25% $100 13 $20,000 4% $20,000 3.00% $14,000 3.00% $4,500 4% 4% $150 14 $25,000 5% $22.000 4.00% $16,000 4.00% $5,000 5% 5% S2000 15 $27,000 6% $24,000 0.25% $18,000 0.25% $2,000 6% 6% S250 16 $30,000 7% $26,000 0.50% $10,000 0.50% $2,500 7% 7% $50 17$28,000 8% $28,000 0.75% $12,000 0.75% $3,000 8% 8% $100 18 $22,000 9% $30,000 1.00% $14,000 1.00% $3,5001 9% 9% $150 19 $25,000 10% $20,000 2.00% $16,000 2.00%|S4,000 10% 10% $200 20 $24,000 12% $22,000 3.00% $18,000 3.00% $4,500 12% 12% S250 21 $34,000 15% $24,000 4.00% $10,000 4.00 5,000 15% 15% $50 Group Question 1 Question 2 Question 3 Question 4 Question 5 x 1 x2 (%)X1 X2 (%)X1 x2 (%)x1 x2 %) X1 (%)x2 22 S29,000 18% $26,000 0.25% $12,000 0.25%$2,000 18% 18% $100 23 $26,000 20% $28,000 0.50% $14,000 0.50% $2,500 20% 20% $1501 24 $20,000 25% $20,000 0.75% $10,000 0.75% $3,500 25% | 25% $50 25 $22,000 4% $22.000 2.00% 12,000 1.00% $4,000| 4% 4% $100 26 $24,000 5% $25,000 2.00% S14,000 2.00% $4,500 5% 5% $150 27 $26.000 6% $25,000 3.00% $16,000 3.00% $5,000 6% 6% $200 28 $28.000 7% $30,000 4.00% $18,000 4.00% $2,000 7% 7% $250 29 $30.000 8% $22,000 0.75% $15,000 0.25%$2,500 8% 8% $50 30 $20,000 9% $24,000 1.00% $15,000 0.50% $5,000 9% 9% $100 31 $22,000 10% $26,000 2.00% $15,000 0.75% 84,500 10% 10% $150 32 $27,000 12% $26,000 3.00% $15,000 1.00%$5,000 12% 12% $2001 33 $26,000 15% $25,000 4.00%|$15,000 2.00% $3,000 15% 15% $2501 34 $28,000 18% $25,000 0.75% $15,000 3.00% $2,500 18% 18% $50 35 $30,000 20% S25,000 1.00% $15,000 4.00% $2,000 20% 20% $100 36 $25,000 25% $27,000 2.00% $18,000 1.00% $2,000 25% 25% $150 37 $29,000 9% $22,000 1.00% $12,000 3.00% $2,000 5% 5% $300 38 $26,000 10% $24,000 2.00% S14,000 4.00% $2,500 6% 6% $350 39 $20,000 12% $26,000 5.00% $16,000 5.00% $3,000 7% 7% $300 40 $22,000 15% $28,000 4.00% $18,000 5.00 $3,500 12% 8% $350 Question 1: If you borrowed $xl at x2% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay