Single-payment loan repayment Personal Finance Problem A person borrows $400 to be repaid in 9 years with 12% annually compounded interest. The loan may be repaid at the end of any earlier year with no prepayment penalty. a. What amount will be due if the loan is repaid at the end of year 1? b. What is the repayment at the end of year 3? c. What amount is due at the end of the ninth 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 3 is $ (Round to the nearest cent.) c. The amount due at the end of the ninth year is $. (Round to the nearest cent.)