Andy has borrowed $10000 on which interest is charge at 10% effective. Andy is accumulating a sinking fund at 8% effective to repay the loan. At the end of 10 years, the balance in the sinking fund is $5000.0. At the end of the 11year, Andy makes a total payment of $1500.0. a.How much of the $1500.0 pays interest currently on the loan? Answer: b.How much of the $1500.0 goes into the sinking fund? Answer: c.How much of the $1500.0 should be considered as net interest? Answer: d.How much of the $1500.0 should be considered as principal? Answer: e. What is the sinking fund balance at the end of the 11th year? Answer: Andy has borrowed $10000 on which interest is charge at 10% effective. Andy is accumulating a sinking fund at 8% effective to repay the loan. At the end of 10 years, the balance in the sinking fund is $5000.0. At the end of the 11year, Andy makes a total payment of $1500.0. a.How much of the $1500.0 pays interest currently on the loan? Answer: b.How much of the $1500.0 goes into the sinking fund? Answer: c.How much of the $1500.0 should be considered as net interest? Answer: d.How much of the $1500.0 should be considered as principal? Answer: e. What is the sinking fund balance at the end of the 11th year