Points: 0 of 1 Single-payment loan repayment Personal Finance Problem A person borrows $300 that he must repay in a lump sum no more than 8 years from now. The interest rate is 70 any compound earlier year with no prepayment penalty a: What amount will be due to borrower ropays the loan attor 2 year? b. How much would the bottower have to repay after 5 years? c. What amount is due at the end of the eighth year? CE The wound the loan is copaid at the end of you 25. Round to the nearest com Question View anch Problem A person borrows $300 that he must tepay in a lump sum no more than years from now. The interest rate is 70% many compounded to browwe can opwy o tom of the end of any ays the loan after 2 year? ay after 5 years? year? end of year 2 (Round to the nearest cent) Single-payment loan repayment Personal Finance Problem A person borrows $300 that he must repay in a lump sum no more than 8 years from now. Th earlier year with no prepayment penalty a. What amount will be due if the borrower repays the loan after 2 year? b. How much would the bontower have to repay after 5 years? c. What amount is due at the end of the eighth year? (Round to the nearest cent) a. The amount due if the loan is repaid at the end of year 2 is S Question Viewer