14. If you have $15,000 in an account that has been paving an annual rate of 6%, compoundco continuously, Since you deposited some funds 10 years ago, how much was the original deposit a b. c. $12.990 $14,126 $10,840 $8,376 58,232 Your firm has recently borrowed $100.000 from a local bank at an interest rate of 6 percent. The loan is to be repaid in 5 equal, end-of-year payments. The following is a partial amortization schedule for the loan. Year Payment 2 $ 23,740 $ 23,740 $ 23,740 $23.740 $ 23,740 Principal Interest RadioBalance Reduction $ 100.000 S 6,000 $17,740 $ 82,260 $ 4,936 SA $ 63,456 $ B $ 19932 $ 43,524 $ 2.611 $21,128 $ 22,396 $ 1.344 22 396 $ 0 4 15. The missing value for the Principal Reduction in the second year (labeled A) is: $19,079 $18,409 $18,804 d. e $18,338 $18,550 16. The missing value for the Interest Payment in the third year (labeled B) is: a b. c. $ 3,807 $ 3,248 $ 3.000 d. e. $ 4,300 S 3,944 17. Fred Johnson is retiring one year from today. How much should Fred currently have in a retirement account earning 4 percent interest to guarantee withdrawals of $60,000 per vear for 20 years? b. $1,660,274 S 815,420 $1,200,000 d. e. $1,786,685 S 848,036