A 13-year loan of 3250 is to be repaid with payments at the end of each year. It can be repaid under the following two options: (i) Equal annual payments at an annual effective interest rate of 7.84% (ii) Installments of 250 each year plus interest on the unpaid balance at an annual effective interest rate of i. The sum of the payments under option (i) equals the sum of the payments under option (ii). Calculate i. O 9.00% O 9.25% O 9.50% O 9.75% O 10.0% QUESTION 11 Seth repays a 24-year loan with a payment at the end of each year. Each of the first 16 payments is 1200, and each of the last 8 payments is 800. Interest on the loan is at an annual effective rate of i, i> 0. The interest portion of the 9th payment is twice the interest portion of the 17th payment. Calculate the interest portion of the 9th payment. O 800 O 1000 01200 1400 1600