U Question 3 O pts 13. A bank just made a loan for $300,000 to a home owner. They sold the homeowner an FRM loan with a term of 20 years at a 4.5% annual interest rate, compounded monthly. The bank decides to immediately sell the loan to an investment group who expects a 4% return on their investment. What is the highest price the bank can sell the loan to the investment group? Similar to Homework Question 10 & 11 D Question 4 O pts 14. Your friend needs to borrow $1000. He can begin making monthly payments on the debt after they graduate in 6 months. If an appropriate rate of interest is 10% annually, what should his monthly payments be to repay you in 12 payments (12 months of payments, 18 months total)? Similar to Homework Question 15 Question 5 O pts