Single$-$payment loan repayment Personal Finance Problem A person borrows $$150$ that he must repay in a lump sum no more than $10$ years from now. The interest rate is $9\mathrm{.}6\%$ annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty.

a$.$ What amount will be due if the borrower repays the loan after $1$ year?

b$.$ How much would the borrower have to repay after $5$ years?

c$.$ What amount is due at the end of the tenth year?

a$.$ The amount due if the loan is repaid at the end of year $1$ is $

$($Round to the nearest cent.$)$

b$.$ The repayment at the end of year $5$ is $

$($Round to the nearest cent.$)$

c$.$ The amount due at the end of the tenth year is $

$($Round to the nearest cent.$)$