questions are based on Q1 (info given in question 1)

4 pts (Continued from the last question) Calculate the annual payment amount. O $11500 or more but less than $13000 o $10000 or more but less than $11500 O less than $7500 58500 or more but less than $10000 $13000 or more O $7500 or more but less than 58500 Question 4 4 pts (Continued from the last question) Calculate the interest portion of his payment on May 1, 2025 36000 or more but less than 56200 56400 or more but less than 58000 56200 or more but less than $6400 $9500 or more 58000 or more but less than 59500 less than 6000 On May 1, 2021, Daniel borrowed a 20 year-loan with level annual payments at the end of each year. The annual effective interest rate is 4%. The principal portion of his repayment on May 1, 2031 will be $8,000. Calculate the principal portion of the first payment (on May 1, 2022). o less than $5500 O $5500 or more but less than $6000 O $6000 or more but less than $8000 58000 More than $8000 but less than $12000 More than $12000 Question 2 4 pts (Continued from the last question) Calculate the amount he borrowed at the beginning 5160000 or more but less than $165000 less than $150000 51500000 more but less than 5155000 $170000 more $165000 or more but less than $170000 51550 or more but 150000 Question 1 4 pts On May 1, 2021, Daniel borrowed a 20 year-loan with level annual payments at the end of each year. The annual effective interest rate is 4%. The principal portion of his repayment on May 1, 2031 will be $8,000. Calculate the principal portion of the first payment on May 1, 2022). O less than $5500 $5500 or more but less than $6000 $6000 or more but less than $8000 O $8000 More than $8000 but less than $12000 D. More than $12000 Question 2 4 pts Continued from the last question) Calculate the amount le borrowed at the beginning Question 1 4 pts On May 1, 2021, Daniel borrowed a 20 year-loan with level annual payments at the end of each year. The annual effective interest rate is 4%. The principal portion of his repayment on May 1, 2031 will be $8,000. Calculate the principal portion of the first payment on May 1, 2022). o less than $5500 O $5500 or mo but less than $6000 O $6000 or more but less than $8000 O $8000 O More than 58000 but less than $12000 More than 512000 D Question 2 4 pts (Continued from the last question) Calculate the amount he borrowed at the beginning. $160000 or more but less than $165000 less than $150000 O $150000 or more but less than $155000 5170000 or more $165000 or more but less than $179000 $155000 or more but less than $160000 Question 3 4 pts (Continued from the last question) Calculate the annual payment amount. O $11500 or more but less than $13000 o $10000 or more but less than $11500 less than $7500 $8500 or more but less than $10000 $13000 or more $7500 or more but less than $8500 Question 4 (Continued from the last question) Calculate the interest portion of his payment on May 1, 2025. O $6000 or more but less than $6200 O $6400 or more but less than $8000 O $6200 or more but less than $6400 $9500 or more O $8000 or more but less than $9500 less than $6000