2. (35 points) Suppose you visited a bank to get a loan in the amount of $10,000. You negotiated the terms of the loan with the bank and the re-payment plan is finalized as follows Effective Monthly Interest Rate--.25% Payments start at the end of first month and each monthly payment is SG more than the previous payment. First Payment Amount- $500 a) b) Draw the cash flow diagram for this loan payment plan. What should the value of"G" be in order to re-pay the loan at the end of 12 months? 2. (35 points) Suppose you visited a bank to get a loan in the amount of $10,000. You negotiated the terms of the loan with the bank and the re-payment plan is finalized as follows Effective Monthly Interest Rate--.25% Payments start at the end of first month and each monthly payment is SG more than the previous payment. First Payment Amount- $500 a) b) Draw the cash flow diagram for this loan payment plan. What should the value of"G" be in order to re-pay the loan at the end of 12 months