Probability

A. Find the lump sum deposited today that will yield the same total amount as payments of $17,000 at the end of each year for 15 years, at an interest rate of 6% compounded annually. B. Consider a loan of $2200 at 5% compounded quarterly, with 6 quarterly payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated quarterly payments (c) the total payments and total amount of interest paid based upon an amortization table. C. Consider a loan of$97,000 at 6% compounded annually, with 12 annual payments. Find the following. (a) the payment necessary to amortize the loan (b) the total payments and the total amount of interest paid based on the calculated annual payments (c) the total payments and total amount of interest paid based upon an amortization table