(JAB I: 9 b Borrowing to Start a Business Enea. a budding entrepreneur, was excited that her presentation at her college annual entrepreneurial competition was voted the best by every judge. An angel investor in the audience was very impressed by her business plan and offered to help her start her designer clothing store by offering her a loan at 6% compounded semi-annually. After two years, her business had sayings of 580,654 and she used the entire amount to completely pay off her outstanding debt with the investor. a. 1Wl'lat was the loan amount provided to her by the angel investor and what was the accmnulated interest over the two- year period? b. What rate. compounded monthly, would have resulted in the same accumulated debt? c. How long (rounded up to the neat month} would it take for her debt to reach $100,000 if she does not repay any amount throughout the term? Assume the same interest rate of 6% compounded semi-aimually throughout this extended period. d. Ifshe had obtained the same loan amount from a local bank, it would have accumulated to 580,654 in 18 months instead of two years. What is the interest rate compounded semiannually charged by the local bank? e. What would her savings be if the loan had been issued to her at an annually compounding frequency? E. If her contract with the investor required that she settle all dues in two years, how much could she have borrowed initially if she was sure that she could repay $25,000 in one year and $40,000 at the end of two years? g. 1What was the size of the loan provided by the investor if she was charged 6% compounded semi-annually for the rst year. and 8% compounded quarterly for the second year and it accumulated to $80,654 in two years