1)you have been offered a loan amount of 80,000 from the Arab bank at an interest rate of 4.50%. the term of the loan is 15 years. What is the monthly payment?

a. 600.98

b. 512.78

c. 611.99

d. 700.34

11)Mohammed must pay lump sum of $8000 in 5 years. What amount must be deposited today at 6.2% compounded annually will make the amount of $8000.

a. 112.897.22

b. 5,921.98

c. 6,921.98

d. 11,786.32

12)you have $49,000 invested at 10% rate for 2 years. Find the AMOUNT compounded yearly

a. 15,708

b. 59,290

c. 67,960

d. 38,900