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QUESTION 3 1 points Save Answe Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in 5 equal installments at the
QUESTION 3 1 points Save Answe Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have to pay in the first year? O a. $1,200.33 Ob.$1,470.00 Oc. $1,330.00 O d, $1,263.50 Oe. $1,400.00 QUESTION 4 1 pointsSave Answe You have purchased a U.S. Treasury bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,000. What interest rate will you earn on this bond? 5.24% 0 b. 3.82% c. 5.77% d.425% e. 4.72%
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