Question 5 8 pts Elizabeth will repay a 7-year loan of $42,000 by making 28 equal principal payments quarterly at the end of each quarter. She will have to pay interest portion on the unpaid balance each quarter also. The annual interest rate is 6% compounded quarterly. Calculate the total amount of interest she will pay. O $8500 or more but less than 59000 O $10000 or more less than $8000 O $9500 or more but less than $10000 58000 or more but less than 58400 Spoo or more but less than $9500 4 pts Question 6 Continue tome last que Question 6 4 pts (Continued from the last question) If she would pay off the loan with level annual payments, how much will she have to pay each quarter? Assume the same interest rate. O $1900 or more but less than $2000 $1800 or more but less than $1900 $2000 or more less than $1600 O $1700 or more but less than $1800 $1600 or more but less than $1700 6 pts Question 7