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6. A microfinance loan of $13,500 comes with a nominal interest rate of 18% per year compounding continuously. Which of the following will give the

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6. A microfinance loan of $13,500 comes with a nominal interest rate of 18% per year compounding continuously. Which of the following will give the value of the loan five years from now? A. F = 13500 (P/F, 1.5%, 60) B. F= 13500(F/P, 18%, 5) C. F = 13500 (F/P, 19.7%, 5) D. None of the above 7. A firm borrowed $X at 8% to be paid in a lumpsum in 7 years. At the end of the 7- year term, instead of paying the loan, the firm reborrowed the amount owed at the same interest rate of 8% but this time the loan compounded quarterly for 3 more years. If the firm ended up paying a lump sum of $78,500 at the end of this ten-year loan term, calculate the value of X

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