Suppose a rancher wants to borrow $163,835.00 to buy a tract of land. The BCS bank will make a 26 year loan fully amortized at 10.84% annual payments. A $467.00 loan fee and stock purchase is required. The borrower stock requirement is the lesser of $1,000 or 4.00% of loan amount.

(i) calculate the loan principal a. $171.157.29 b. $165.337.10 c $165,311.00 $170,791.04 Enter Response Here: (ii) Calculate the required stodk purchase. $6,598.10 a. $1,596.78 $8.612.44 d. $1.000.00 Enter Response Here: (iii) Calculate the annual loan payments. a. $19,251.81 $19,932.45 $19.254.65 $19,889.80 Enter Response Here