Question A loan totalling $2,000 is obtained today. The weekly interest is pegged at 5%. However, the borrower is unable to repay at a stipulated 4-week timeline. At this time, both parties decide upon a payment method where the balance is to be paid in 10 uniform payments every 4 weeks at an interest rate of 15%. The first payment of this new plan begins 4 weeks after the decision was made to pursue the new payment plan. Given this situation, what is the required uniform payment for the 10 uniform payments? Question 8 A bond was issued with a face value of $400,000 and a coupon rate of 0.15% per quarter. Payments are made on a quarterly basis. This bond is bought in the bond market before maturation, and there are only 16 payments remaining. How much would you be willing to pay for this bond today if the next interest payment is due now and you want to earn 8% compounded quarterly on your money