calculate the total amount of interest paid to the lender on these two loans.

8. You and your friend each borrow 5000 for five years at a 12%, compounded semi-annually. You have interest accumulated over the next five years and pays all the interest and principal in a lump sum at the end of five years. Your friend repays his loan with 10 level payments at the end of every sivx-month period. Calculate the total amount of interest paid to the lender on these two loans. (A) 5718 (B) 5728 (C) 5738 (D) 6748 ) 5758 Caleulate thetotal amount of nterest pad to the Jenadar on theses