all q2

John borrows 1.000 from Jane at an annual effective rate of interest 1. He agrees to pay back 1.000 after se years and 1.366.87 after another six years. (a) Find the interest rate i. (10 marks) (b) Right after John's first paymenthe repay, the outstanding balance (i.e., the remaining loan). What the amount of John's second payment to the nearest pound) (10 marla (c) Right after Jane received her first payment of 1.000. she sells the check of the loan to Alexander for 1.000. What is the annual effective rate of interest for Alexander? (10 marks)