Assume you borrow $20,000 today. The loan term is 2 years with semiannual repayments of $5,000. If your annual interest rate is 6%, how much will your third interest payment be? O a. $150 Ob. $450 O c. $300 O d. $600 QUESTION 2 Assume you have just taken out a loan with your local commercial bank for $150,000. The loan is for 10 years and repay equal total annual payments. If your interest rate is 9%, how much principal will you pay in year 10 (approximately)? you will a. $1930 O b. 21,442 O c. $23,373 d. $0