The new digital bank "Digiloan" is offering its customers two loan alternatives, both payable in one payment: x Loan 1 - An annual percentage rate (APR) of 10% x Loan 2 - An annual percentage rate (APR) of 8%, and an additional account opening fee of $200 (not contingent on loan size) Answer the following questions: a. Suppose you need $2,000 to buy a car and you would like to take a 4 year loan. Which loan alternative would you prefer? Suppose you need $6,000 to buy a car and you would like to take a 4 year loan. Which loan alternative would you prefer? What would be loan amount (exact size) of a 4 year loan that will make you indifferent between the two loan alternatives? Suppose you need a $1,000 for 4 year loan. In addition, suppose that now, if you take loan 1 you will need to pay additional closing fee (at maturity of the loan). Loan 2 remains with the same conditions. What will be the closing fee, which will make you indifferent between the two loans?