LANGARA CASE

(A).Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $1188.18 at the end of every six months over five years. If interest is 4.2 %compounded annually?, what was the original loan? balance?

The original loan balance was $____.

?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)

(B).Find the future value of the Langara Woodcraft ordinary annuity.

Periodic Payment	Payment Interval	Term	Interest Rate	Conversion Period
?$1575	6 months	8 years	9?%	annually

The future value is ?$____.

?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)