4. On January 1, 2004 Tony took a loan of S9,000 to buy a fancy diamond ring. The bank charged Tony an annual interest rate of 9%. Tony will return the loan in 25 monthly payments starting on January 31, 2004. What is the monthly payment (rounded to the nearest Dollar) Tony will make? A) $106 B) S332 C) S396 D) $916 E) None of the above. 5. Ed decides to save a portion of his income in a savings account that yields an annual interest rate of 8%. On December 31 of each year, starting in 2004 and ending in 2008, Ed will deposit S2,500 in the account. How much money (rounded to the nearest Dollar) will Ed have on December 31, 2009? A) $9,982 B) $11,265 C) $12,166 D) $14,667 E) $15,840