1. Tywin borrowed $8500 from the Iron Bank at 6.2% interest. He agreed to repay the loan in a single payment at the end of the term in 1.5 years. Determine the loan payment amount if the interest is simple interest. (2 marks) a. b. How much would Tywin have to pay back if the interest is compounded semi-annually? (2 marks) c. For part (b), how much of this amount paid back would be interest? (1 mark) 2. Determine the loan payment amount and the total interest paid if the loan described in question 1 was compounded weekly. (3 marks) Loan payment amount: Total Interest Paid