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1. Suppose you want to take study loan from the bank. Where the amount will be compound monthly. How much money you must pay on

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1. Suppose you want to take study loan from the bank. Where the amount will be compound monthly. How much money you must pay on 10 years. Instructions: a. Go to two different banks and collect the data. Support your answer by evidence. (5 marks) b. Calculate compound amount algebraically and by using excel. (20 marks) c. Calculate the compound interest and the money pay back for each week in both banks. (10 marks) d. Compare your findings and which bank you will select. No more than 30 words

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