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QUESTION 14 Given the following information: Bank C Item Loan Amont Contractual Rate Conversion Periods Life of Loan (years) Method of Pa Fee Stock Requirement

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QUESTION 14 Given the following information: Bank C Item Loan Amont Contractual Rate Conversion Periods Life of Loan (years) Method of Pa Fee Stock Requirement (1)$1,155.15 15.66% (5) Equal Prin Calculate the total loan payment in year 1 S717.25 $758.47 $759.02 S716.53 d. Enter Response Here: (i) Calculate the total loan payment in year 2. 5668.99 $716.53 $668.02 $716.58 d. Enter Response Here: (ii) Calculate the actuarial rate 15.74% 15.66% 15.20% 15.73% d. Enter Response Here: QUESTION 14 Given the following information: Bank C Item Loan Amont Contractual Rate Conversion Periods Life of Loan (years) Method of Pa Fee Stock Requirement (1)$1,155.15 15.66% (5) Equal Prin Calculate the total loan payment in year 1 S717.25 $758.47 $759.02 S716.53 d. Enter Response Here: (i) Calculate the total loan payment in year 2. 5668.99 $716.53 $668.02 $716.58 d. Enter Response Here: (ii) Calculate the actuarial rate 15.74% 15.66% 15.20% 15.73% d. Enter Response Here

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