QUESTION 1 You receive a 3-year $16.000 loan with an interest rate of 6% pa, to be repaid in three annual installments. The loan requires that you make two equal total payments of $4.000 at t = 1 and t = 2, with the remaining loan balance paid at maturity. What is the total payment amount at t = 3, rounded to the nearest dollar? QUESTION 2 You receive a 4-year S25,000 loan with an interest rate of 5% p.a., to be repaid in four annual installments. The loan requires that you make total payments of $5,000 at t= 1, 54,000 at t = 2, and $1,000 at t = 3, with the remaining loan balance paid at maturity. What is the total payment amount at * = 4, rounded to the nearest dollar