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A loan of L is taken over ten years and will be repaid using the sinking fund method with equal size quarterly payments (i.e. end of quarter) each of size 387.57 at a nominal annual interest rate of q% compounded quarterly. The outstanding balance for this loan after the 20th payment is 0.59774L. Calculate L. Give your answer rounded to the nearest whole number (i.e. X). Suppose that a customer takes out an amortized loan of size L which has an annual effective interest rate of 8%. The loan has a term of 10 years with ten equal size annual payments of size K made at the end of each year starting one year after the loan is issued. If the loan was instead repaid (over the same period of time) using the sinking-fund method where the sinking-fund gains an annual effective interest rate of 6%, then the total annual outlay (interest payment on the loan plus deposit into the sinking fund) would be 1200 . Find the value of K. Give your answer rounded to two decimal places (i.e. X.XX)