FIN-H419-A (20/SP): Honors Problems of Managerial Finance Lecture One: Time Value of Money Problem 4 The First Federal Bank has advertised one of its loan offerings as follows: "We will lend you $100,000 for up to 5 years at an APR of 9.5% (with interest compounded monthly)" If you borrow $100,000 for 1 year and pay it off in one lump sum at the end of the year, how much interest will you have paid and what is the APY on the loan? Problem 5 If First Federal Bank offers to structure the 9.5%, $100,000, 1-year loan on a monthly payment basis. calculate your monthly payment and the total amount of interest paid at the end of the year