1) Suppose that you are taking out a loan with the following terms: you receive $800 today and you must pay the principal plus 5% interest back after one month. a. If you pay the loan off in full at the end of the month, how much is your liability at the end of the month? b. If you pay the interest but fail to pay back the principal, and you do this each month for 12 consecutive months, what is your interest rate over this time period? c. If you don't pay the interest or principal back at the end of the month and instead roll over the loan for 12 consecutive months (paying it off in full at the end of the 12-month period), what interest rate did you pay on this loan