Personal Finance Problem P5-9 Single-payment loan repayment Kelly borrows $30,000, to start a motor reput business in Hong Kong, that she must repay in a lump sum within the next vean The interest rate is 10% annually compounded. There is no prepayment penalty a. What amount will be due if she decides to repay the loan after 2 years: b. How much would she have to repay after 5 years? c. What amount is duc at the end of 8 years? 2. VIVI PS-12 Present value concept Answer each of the following questions. 4. How much money would you have to invest today to accumulate $6,000 after e vears it the rate of return on your investment is 12%? b. What is the present value of $6,000 that you will receive after 6 years if the dis- c. What is the most you would spend today for an investment that will pay $6,000 in 6 years if your opportunity cost is 12%? d. Compare, contrast, and discuss your findings in parts a through c