the marcus hotel borrows $200000 from the spartan national bank the details are as follows: a. Term of loan = 5 years b. amortization rate = based on 10 years c. frequency of payment = annual d. interest rate = 6% required 1. prepare a loan amortization table for five years 2. what percentage of the loan was paid off over the five year period? 3. what was the total amount of interest paid? 4. what amount of interest will be paid over the 10 life of the loan?

a. how much be invested today to have 5,000 in five years if the interest rate is 6%?

b. at an effectives interest rate of 9%, what approximate amount will an investor have in 24 years if $5,000 is invested today?

c. Your sister, who is 6 years old today, just received a trust fund that will be worth $25,000 when she turns 21. IF the fund earns annual interest of 10% compounded quarterly, what is it today?