Tywin Lannister borrowed $8500 from the Iron Bank of Baraavos at 6.2% interest. He agreed to repay the loan in a single payment at the end of the term in 1.5 years.

b)How much would Tywin have to pay if the interest is compounded semi-annually?

c)How much of the amount paid back in the (b) would be interest?

d) Suppose that the interest compounding was weekly instead of semi-annually. Predict whether the loan payment would be less or greater than the amount in part b) . Explain your thinking

e) Determine the loan payment amount and the total interest paid if the loan part (a) was compounded weekly.

f) Tywin decided to make regular monthly loan payments instead- why do you think he chose to do this? Support your answer by explaining why this would be financially beneficial

g) If the interest was 6.2% compounded monthly , and Tywin wanted the loan to be paid off in 1.5 years, hoe much would each payment have to be?

h) Determine the loan payment amount and the total interest paid for part (g).

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