Problem 43 Intro Wells Fargo offers a new savings product: You make the following payments over the next 5 years and will then receive a lump sum payment 25 years from now Year Payment 300 400 500 600 700 The annual interest rate is 9% for the next 5 years, then 4% for the following 20 years. Part What is the future value of your investment in year 25? Attempt 1/10 for 10 pts. No decimals Problem 42 Attempt 1/8 for 8 pts. Part 1 A loan that requires regular payments that cover interest and some of the outstanding principal is called a/an O interest-only loan O pure discount loan amortized loan O floating-rate loan -Attempt 1 /8 for 8 pts. Part A loan that requires regular payments of interest and the return of the principal at the end is called a/an O amortized loan O floating-rate loan O interest-only loan O pure discount loan