Do Homework - Chapter 5-1 - Google Chrome o Untitled - Notepad File Edit Format View Help Score: 0 of 3 pts 4 of 15 (0 complete) HW Score: 0%, 0 of 63 pts P5-9 (similar to) Question Help Single-payment loan repayment Personal Finance Problem A person borrows $310 that he must repay in a lump sum no more than 10 years from now. The interest rate is 8.7% annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty a. What amount will be due if the borrower repays the loan after 2 year? b. How much would the borrower have to repay after 3 years? c. What amount is due at the end of the tenth year? a. The amount due if the loan is repaid at the end of year 2 is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. parts remaining Clear All Check Answer 11 Type here to search e 2:03 PM 3/13/2021 Do Homework - Chapter 5-1 - Google Chrome o Untitled - Notepad File Edit Format View Help Score: 0 of 1 pt 5 of 15 (0 complete) HW Score: 0%, 0 of 63 pts P5-10 (similar to) Question Help Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, r, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Number of periods, n Opportunity cost, 12% The present value of $1 is $1. (Round to three decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer j Type here to search c 2:03 PM 3/13/2021