Round your answers to the nearest cent when needed. 1. You take out a 26-month, $10,000 loan at 8% simple interest. How much would you owe at the end of the 26 months? 2. Your total payment on a 2 year loan, which charged 8% simple interest, amounted to $4,640. How much did you originally borrow? 3. Housing prices have been rising by 0.3% each month. A new house in your desired neighborhood currently averages $800,000. Assuming that the growth rate remains consistent, what will the price be in 1 year? 3 years? 4. Write an application problem (tell me a story) where the solution can be found by doing the following calculation: PV = 80000 20 0.1 +