1) Read above informations carefully. Two close friends John and Jimmy, borrowed the same amount of $20000 at an interest rate of compounded annually over six years. John had the loan from Citibank and will pay it back with six equal installments. Jimmy had the loan from Wells Fargo and will pay it back with two equal installments with the same payment period (one at the end of year three and one at the end of year six). Solve the following questions? a) What is John's installment amount? Draw cash flow diagram? You can draw only cash flow diagram on a paper and paste it to your answer sheet or directly upload to Ubis. (20p) b) What is Jimmy's installment amount? Draw cash flow diagram? You can solve this item on a paper and paste it to your answer sheet or directly upload to Ubis. (20p) c) Who is profitable in this loan payments? Explain your reason? Write your sentences on Word, paper will not be accepted! (20p) 1) Read above informations carefully. Two close friends John and Jimmy, borrowed the same amount of $20000 at an interest rate of compounded annually over six years. John had the loan from Citibank and will pay it back with six equal installments. Jimmy had the loan from Wells Fargo and will pay it back with two equal installments with the same payment period (one at the end of year three and one at the end of year six). Solve the following questions? a) What is John's installment amount? Draw cash flow diagram? You can draw only cash flow diagram on a paper and paste it to your answer sheet or directly upload to Ubis. (20p) b) What is Jimmy's installment amount? Draw cash flow diagram? You can solve this item on a paper and paste it to your answer sheet or directly upload to Ubis. (20p) c) Who is profitable in this loan payments? Explain your reason? Write your sentences on Word, paper will not be accepted! (20p)