5. If you borrow $24,000 from a bank for 8 years at an interest rate of 7.5%, how much will you owe in balloon payment at the end of the loan's term? This is a balloon loan with all payment due at the end. Round to the nearest dollar.

6.If you take out a balloon loan of $24,000 for 8 years at an interest rate of 7.5% and pay it all off at the end, how much interest will you have paid in total? Round to the nearest dollar.

7. Consider an amortized loan of $41,000 at an interest rate of 6.6% for 6 years. How much will your annual payments be? Round to the nearest dollar.

8.Consider an amortized loan of $45,000 at an interest rate of 7.6% for 9 years. What is the total interest owed? Round to the nearest dollar.

10. Suppose you are borrowing $44,000 at an interest rate of 2.9%. You will not make any payments for the first two years. Then, starting at the end of year 3, you will make 6 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar.