Frank's loan payoff is to be made in two installments: $2500 in a year, and $3500 in 34 year. After talking to his loan officer, it was decided that he could pay both installments in 20 months. 9. How much would he pay if his loan is processed at 7 44 simple interest? Michelle received $6500 as a personal loan to be paid off in 3 4 years, but she has already made two payments: $1500 in a year, and $2250 in 2 4 years. 10. How much is left to be paid at the end of her term, if the interest on the loan is 12 12 % compounded quarterly? Frank's loan payoff is to be made in two installments: $2500 in a year, and $3500 in 34 year. After talking to his loan officer, it was decided that he could pay both installments in 20 months. 9. How much would he pay if his loan is processed at 7 44 simple interest? Michelle received $6500 as a personal loan to be paid off in 3 4 years, but she has already made two payments: $1500 in a year, and $2250 in 2 4 years. 10. How much is left to be paid at the end of her term, if the interest on the loan is 12 12 % compounded quarterly