HW#3 EE401 Calculate the interest and total amount due at the end of the loan for both simple and compound interest. Loan (a) $ 1000 (6) $ 1500 (c) $10,000 (d) $25,000 (e) $47,750 Years Rate 2 5% 5 6% 10 10% 15 15% 20 20% The following cash flows are equivalent in value if the interest rate is i. Which one is more valuable if the interest rate is 2i? (1) 0 1 2 (i) 0 1 273 3. A bank is offering to sell 6-month certificates of deposit for $9800. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Compute the nominal annual interest rate and the effective annual interest rate