On October 1, 2021, Kirby Constuction wanted to borrow $45,000. The bank has presented several different options. For each option... 1.) Complete the amortization table 2. Determine the amount of interest that will accrue from October 1 through to December 31 in 2021. 3.) Determine the amount of principal that will be paid in 2022 a. $45,000 for 3 years at 9% interest. There are no payments until the end of the three years. Additional Questions: Interest Principal Carrying Cash payment expense portion Amount 45.000 2.) Interest in 2021? #1: Oct. 1. 2022 #2: Oct. 1. 2023 3.) Principal in 20227 #3: Oct. 1. 2024 Date 2.) Interest in 2021? 3.) Principal in 2022? b. $45,000 for 3 years at 9% interest. The interest is paid every year and the principle is paid at the end of the three years Interest Principal Carrying Date Cash payment expense portion Amount 45.000 #1: Oct. 1. 2022 #2: Oct. 1. 2023 #3: Oct. 1, 2024 c. $45,000 for 3 years at 9% interest. The company makes instalment payments of $15,000 each year plus interest Interest Principal Carrying Date Cash payment expense portion Amount 45,000 #1: Oct. 1. 2022 #2: Oct. 1. 2023 #3: Oct. 1, 2024 2.) Interest in 2021? 3.) Principal in 2022? 2.) Interest in 2021? 3.) Principal in 2022 d. $45,000 for 3 years at 9% Interest. The company makes blended payments (principle and interest) of $17.777.46 cash each year Interest Principal Carrying Date Cash payment expense portion Amount 45.000 #1: Oct. 1, 2022 #2: Oct. 1, 2023 13: Oct. 1, 2024 e. $45,000 for 3 years at a discount The company makes interest payments of 7% x 45,000 - $3,150 each year but the market rate of interest is 9% Interest Principal Carrying Payment Cash payment expense portion Amount 45,000 #1: Oct. 1, 2022 #2: Oct 1, 2023 #3: Oct. 1, 2024 2.) Interest in 2021? 3.) Principal in 20227