Fin 201 1. Assume you borrow 10,000.00 per year for four years of college. If the interest is deferred and compounded annually at 7 percent how much will you owe at the end of four years when you graduate. 2. Using the information form above, if the loans continue to charge 7% compounded annually and you make 3,600.00 annual payments (300.00 a month) how long will it take to pay off your student loans? 3. Housing prices vary a great deal if you save 2,000.00 a year by renting a cheaper place and borrowed 8,000.00 per year for four years with deferred interest at 7% compounded annually how much will you owe at the end of four years? 4. How long will it take to pay off this loan at 3,600.00 per year if the interest rate continues to be 7% compounded annually