Homework: Week 2 - Chapter 5 to) 070, 0 01 TOU POIS Part 1 of 3 Points: 0 of 20 Save Changes Single-payment loan repayment Personal Finance Problem A person borrows $110 that he must repay in a lump sum no more than 8 years from now. The interest rate is 9.1% annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty le: 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 5 years? c. What amount is due at the end of the eighth year? t Worked: rent Score a. The amount due if the loan is repaid at the end of year 2 is $ (Round to the nearest cent) empts: Question 1 stion 4 Question 5 Review