2. Mr. David Biden is offered a consumer loans of $1,600 for 2 years to be paid in equal quarterly installments. According to simple interest method, (1) Calculate interests in the second quarter paid by Mr. Biden? (5%) 2) Calculate interests in the third quarter paid by Mr. Biden? (5%) $2,500 per account in order to enhance the confidence in the banking system. (4%) AFDIC was created in 1934 to guarantee the public depositors up to initial amount of What is opinion of the proponents for raising deposit insurance up to $250,000