$3$

Question $2$

$($a$)$ Susan's dream house is estimated at $$100M.$ The prevailing rate of interest is $12$ percent per annum compounded continuously. If Susan were to obtain a $25$ year loan for the procurement of the house, determine her:

$($i$)$ monthly payments

$($ii$)$ total payments

$(7$ marks$)$

$($iii$)$ total interest to be paid

$(1$ mark$)$

$($iv$)$ Calculate the difference between the time taken to double an

$(2$ marks$)$

investment at the rate used for Susan's loan and the time approximated by the Rule of $72?($Express your answer to the nearest day$)$

$(5$ marks$)$

Question $3$

$($a$)$ JYP Inc. is evaluating two projects and has gathered the following data about the projects.

$\backslash$table$[[,$Project $A,$Project $B$