Question 17 (1 point) Saved Alpha and Bravo Farmfamily borrow $175.000 on March 15. Alpha and Bravo expect to repay $100.000 on October 15 and the remaining balance on November 15. Calculate the total interest obligation if the interest rate is 8% and interest is charged on the daily outstanding principal balance. Round to the nearest $1 increment. 01) $14.000 2) $10.500 3) $8,718 4) $8.721 Question 18 (1 point) Alpha and Bravo Ranchhander borrow $ 125,000 on January 15 and $175.000 on April 1 to purchase cattle. The Ranchhanders repay in three equal payments of $100,000 on March 1, June 1 and November 1. Calculate the total interest obligation if the interest rate is 7%, and interest is charged on the daily outstanding balance. Round to the nearest $1 increment. 1) $7.219 2) $6.811 3) $6.501 4) $6,490