Time value Personal Finance Problem Misty needs to have $16,000 in 8 years to futtil her goal of purchasing a small sailboat She 5 willing to imvest a lump sum today and leav the money untouched for 8 years unti if grows to $16,000, but she wonders what sort of investment return she will need to eam to reach her goal. Use your cakutator or spreadshe to fgure out the approximate annually compounded rate of retuin needed if she can invest \$11,900 10day. annually compounded. The borrower can repary the loan at the ond of any earlier year with no prepayrient penalty a. What amount wil be due if the borrower repays the loan after 1 year? b. How much would the borrower have to repay after 4 yexars? c. What amount is due at the end of the ninth year