Which formula do I use to solve each of the following? Future Value, Future Value Ordinary Annuity, Future Value Annuity Due, Present Value, Present Value Ordinary Annuity, or Present Value Annuity Due?

5. A borrower borrows on a five year loan $5,000 from a bank at 9% and will pay back the loan in five equal $ payments (annually) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan annually, the % is divided by 1 and the exponent (5 years) is multiplied by 1). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. .6. A borrower borrows on a five year loan $5,000 from a bank at 9% and will pay back the loan in ten equal payments (semi- annually) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan semi-annually, the % is divided by 2 and the exponent (5 years) is multiplied by 2). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. 7. A borrower borrows on a five year loan $5,000 from a bank at 9% and will pay back the loan in twenty equal payments (quarterly) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan quarterly, the % is divided by 4 and the exponent (5 years) is multiplied by 4). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. 8. A borrower borrows on a five year loan $5,000 from a bank at 9% and will pay back the loan in sixty equal $ payments (monthly) at the end of each time period. How much is each equal payment, how much principal and interest is paid back, and how much interest is paid back? (Note-since the borrower repays the loan monthly, the % is divided by 12 and the exponent (5 years) is multiplied by 12). Also since it is a loan(payment), calculate the factor and then divide the factor into the $5,000, do not multiply the factor by the $5,000. (.09/12) 7.5A-03 .0075