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FIND THE TERM FOR EACH OF THE FOLLOWING 3 LOANS I NEED STEP BY STEP...

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FIND THE TERM FOR EACH OF THE FOLLOWING 3 LOANS I NEED STEP BY STEP EXPLANATION AND ANSWER THANKS.

Question 8 (5 points] Find the term for each of the following 3 loans. For full marks your answers should be correct to the nearest year and month Term Maturity Compounding Nominal Principal amount frequency rate $96,000.00 $146,474.39 Semi-annually 4.75% $80,000.00 $112,381.32 Quarterly 3.25% $74,000.00 $331,801.90 Monthly 8.25% 0 years, 0 months 0 years, 0 months 0 years, 0 months Official Time: 17:07:44 SUBMIT AND MARK

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