Question 2 City Utilities if it borrow $50K to be repaid over 10 years at an interest rate of 4% and calculate the followings: (a) One final payment is made. (5 marks) (b)Interest is paid annually, and the principal is paid at the end. (5 marks) (c) $6164.55 is paid annually. What interest is paid in year 3? (15 marks) (d) $5000 plus interest on the unpaid balance is paid each year. (15 marks) Draw the cash flow diagrams for each section (a) to (d). For sections (c) and (d) above, please use the tables to show clearly the amount owed, interest paid, principle payment and total cash flow