You agreed to pay your sister back for the $3,500 loan he extended you for your education. You and your sister agree that a fair effective annual rate of interest is 14% percent. Required: If you will repay the loan in a single lump sum, how much do you need to repay at the end of: a. 1 year b. 3 years c. 6 years d. 12 years e. 25 years f. 30 years Paragraph BIE