10-5. Calculate the annual amount of interest (assuming no principal repayment) for each of the following: Term loan of $122,000 over 15 years at 6.5 percent Line of credit for $50,000 drawn 50% all year at 10 percent 15 shares of stock purchased at $12.50 per share Bonds trading at par for $2,000 with a 7 percent rate

10-6. If the owner of Bright Rays Tanning Salon, Inc., invested $200,000 and had an investor pay in $45,000 for 15 percent of the corporation, what is the valuation of the business for the investor?