4 of 7 Question 5 (10 marks) A loan of $10,000 is to be repaid off by yearly payments starting one year after the loan is made, contiming in perpetuity. The first payment is 1000, the next 9 payments increase by 4% each year, and X afterwards. The payments are: 1000, 1000(1.04). 1000/1.002.... 1000(1,04)". x, X..... Find X if i=10%. Question 6 (10 marka) A loan of $10.000 is repaid by 10 annual payments (starting in one year) under the amortization method. The first payment is of amount $500, the second payment is of amount $1.000 and the remaining 8 payments are of amount $1.977.53. The interest rate charged on the loan is i = 10%. Fill in the first 4 lines of the amortization table for this loan (i.e. t=0,1,2,3). K PRE , + 0 1 2 3 Page 4 of 7