Case 1. Discount Interest Loans. (10 points) This case illustrates what is known as discount interest. Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow $22,000 for one year. The interest rate is 14.25 percent. You and the lender agree that the interest on the loan will be 0.1425 x $22,000 = $3,135. So, the lender deducts this interest amount from the loan up front and gives you $18,865. In this case, we say that the discount is $3,135. What's wrong here? Explain and show your work