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QUESTION 4 Harry and Meghan borrowed $7200, three years ago at 896 compounded semi-annually. One and a half years ago, they made one lump sum

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QUESTION 4 Harry and Meghan borrowed $7200, three years ago at 896 compounded semi-annually. One and a half years ago, they made one lump sum payment of $3600 (hint: draw a timeline). Round all answers to the nearest cent. a) What amount is required today to pay off the remaining principal and accrued interest? (3 marks) be what is the total amount of interest Harry and Meghan paid on this loan? (1 mark)

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