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question 5 a loan received at the beginning of 2016...

Question: question 5 a loan received at the beginning of 2016...

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Question 5 A loan received at the beginning of 2016 is scheduled to be repaid as uniform payments of S3,050 per year for 4 years. The first repayment is expected to take place at the beginning of year 2017. Subsequent repayments will take place on at the beginnings of years 2018, 2019, and 2020 al Create a cash flow diagram of the loan showing both the money received as a loan as well as the money paid back to the lender. b] What is the maximum amount which can be taken if the loans interest rate is 4.5% and compounding is annual?

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