A commercia real ectate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer pians to get in kan that will be repaid with uniform payments of $350,000 beginning in year 2 and ending in year f6. How much will a bahk be whing ta laan at an interest rate of 74 per year? The bark win be wiing to joan me developer a sum of 5 What is the equivalent annual cost in years 1 through 12 of a contract that has a first cost of $79,000 in year 0 and annual costs of $20,000 in years 3 through 12 ? Use an interest rate of 9% per year. The equivalent annual cost is determined to be $