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if you can please solve them by excel if applicable 5. You are going to borrow $10,000 (PV) for five years at a rate of

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5. You are going to borrow $10,000 (PV) for five years at a rate of 11%. Payments are to be made at the end of each year. a) Calculate the loan payment annually (PMT) b) How much interest will be paid in year 1 and 2? c) Calculate the loan repayment (PMT) in case of quarterly loan instalments. (this is a loan amortization problem, hence an application of PMT)

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