12 marks] Finance option B: A 6 year loan at a nominal annual interest rate of 7% compounded monthly Terms of the loan require a 10% deposit and monthly repayments of 250 Find the amount to be borrowed for this option. 13 marks) te. Find the annual interest rate,r. [2 marks 11. State which option Bryan should choose. Justify your answer. [3 marks) 19. Bryan's car depreciates at an annual rate of 25% per year. Find the value of Bryan's car six years after it is purchased 12 marks] Finance option B: A 6 year loan at a nominal annual interest rate of 7% compounded monthly Terms of the loan require a 10% deposit and monthly repayments of 250 Find the amount to be borrowed for this option. 13 marks) te. Find the annual interest rate,r. [2 marks 11. State which option Bryan should choose. Justify your answer. [3 marks) 19. Bryan's car depreciates at an annual rate of 25% per year. Find the value of Bryan's car six years after it is purchased