Part B - The Cost of a Loan HK Exit Fullscreen 1. Use the annuities investigation activity to complete the following chart. Principal Payment Amount Payment Frequency Compounding Frequency Interest Rate Length of L $10 000 $1200.00 1 1 0.11 $10 000 $600.00 2 2 0.11 $ 10 000 $300.00 4 4 0.11 $10 000 $100.00 12 12 0.11 $10 000 $23 08 52 52 0 11 $10 000 $3.29 365 365 0.11 a. Verify that payment per year is the same for each case b. Which payment frequency pays the loan off fastest? c. Determine the total amount of interest paid using annual payments d. Determine the total amount of interest paid using daily payments e. Summarize the effect of changing the payment frequency on the number of payments required to pay back a loan when all other conditi 2. Use the annuities investigation activity to complete the following chart. Principal Payment Amount Payment Frequency Compounding Interest Rate (per Frequency annum) Number of Payme $2 000 $100 12 12 0.08 $4 000 $100 12 12 0.08 $6 000 $100 12 12 0 08 $8 000 $100 12 12 0 08