Question: This is the entire problem. It does not explain C. Can you do this without that information? Chapter 5 Homework Set: Problem 7 Previous Problem

This is the entire problem. It does not explain C. Can youThis is the entire problem. It does not explain C. Can you do this without that information?

Chapter 5 Homework Set: Problem 7 Previous Problem Problem List Next Problem (2 points) (Exercise 5.17) A has borrowed $25000 on which interest is charged at 7.5% affective. A is accumulating a sinking fund at 6.8% effective to repay the loan. At the end of 10 years the balance in the sinking fund is $12796.99. At the end of the 11th year A makes a payment of $2810. a) How much of the $2810 pays interest currently on the loan? ANSWER=$ b) How much of the $2810 goes into the sinking fund? ANSWER=$ c) How much of the $2810 should be considered as interest? ANSWER=$ d) How much of the $2810 should be considered as principal? ANSWER=$ e) What is the sinking fund balance at the end of the 11th year? ANSWER=$ Chapter 5 Homework Set: Problem 7 Previous Problem Problem List Next Problem (2 points) (Exercise 5.17) A has borrowed $25000 on which interest is charged at 7.5% affective. A is accumulating a sinking fund at 6.8% effective to repay the loan. At the end of 10 years the balance in the sinking fund is $12796.99. At the end of the 11th year A makes a payment of $2810. a) How much of the $2810 pays interest currently on the loan? ANSWER=$ b) How much of the $2810 goes into the sinking fund? ANSWER=$ c) How much of the $2810 should be considered as interest? ANSWER=$ d) How much of the $2810 should be considered as principal? ANSWER=$ e) What is the sinking fund balance at the end of the 11th year? ANSWER=$

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