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10) An automobile loan carries annual interest rate of 9%. List price of the automobile is 3.5 million KZT. And you will make the payments

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10) An automobile loan carries annual interest rate of 9%. List price of the automobile is 3.5 million KZT. And you will make the payments at the end of every year for the following 7 years. How much will you pay every year? (Illustrate the solution on a cash flow time line) 11) You are planning to purchase a house on a mortgage loan. Sales price of the house is 9 million KZT. Market interest rate on similar real estate loans is 15% and annually you can pay 1.8 million KZT. To the closest year how long will it take to pay off all your loan? (Illustrate the solution on a cash flow time line) N 12) According to your calculations, you will need 15 million KZT to start your new business. After many days of research, you decided to get a mortgage loan form a national bank. You will get the loan for 10 years and you will be capable of paying 2235442 KZT annually. To the closest value, calculate the interest rate on the loan

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