A company needs to borrow $100,000 for 6 years. They decide to borrow the money via the sinking fund method. The lender will allow them to pay interest only on the loan once a year at an interest rate of 7% compounded annually. They must also set up a sinking fund to repay the principal in a lump sum at the end of 6 years. The payments into the sinking fund must be made annually and the rate of return for the sinking fund is 6% compounded annually. What is the periodic (annual) cost of the debt? OA) 22336.27 OB) 21336.27 C) 23124.52 OD) 14336.27 Question 6 (3 points) A mortgage of $100,000 is amortized over 20 years with monthly payments. The interest rate is 6% compounded semi-annually. Find the monthly payment (round up to the nearest cent) OA) 1216.89 OB) 657.89 C) 811.87 D) 712.19