4G iCloud C) A Merchandiser borrowed $ 100,000. The loan was for 18 months at a simple interest rate of 4%. What is the interest and the maturity value? (6 points) Question 3: (20 points) Mr. Zuhair deposits $ 60,000 into a bank, (A) which pays 4% interest that is compounded semiannually. What will he have in his account at the end of five years and compound interest amount? (7 The owner of a small factory thinks that he (B) will need $ 75,000 for new equipment in 10 years. He decides that he will put aside the money now so that after 10 years the $ 75,000 will be available. His bank offers him 10% interest compounded semiannually. What is ?the present value of the $ 75,000 A person deposited $ 75,000 at a bank at (C) an interest rate of 12% compounded quarterly. Find the effective rate (APY). Write your answer in percentage rounded to the nearest hundredth May 11 (C) A Merchandiser borrowed $ 100,000. The loan was for 18 months at a simple interest rate of % What is the interest and the maturity value? (6 points) 4G iCloud C) A Merchandiser borrowed $ 100,000. The loan was for 18 months at a simple interest rate of 4%. What is the interest and the maturity value? (6 points) Question 3: (20 points) Mr. Zuhair deposits $ 60,000 into a bank, (A) which pays 4% interest that is compounded semiannually. What will he have in his account at the end of five years and compound interest amount? (7 The owner of a small factory thinks that he (B) will need $ 75,000 for new equipment in 10 years. He decides that he will put aside the money now so that after 10 years the $ 75,000 will be available. His bank offers him 10% interest compounded semiannually. What is ?the present value of the $ 75,000 A person deposited $ 75,000 at a bank at (C) an interest rate of 12% compounded quarterly. Find the effective rate (APY). Write your answer in percentage rounded to the nearest hundredth May 11 (C) A Merchandiser borrowed $ 100,000. The loan was for 18 months at a simple interest rate of % What is the interest and the maturity value? (6 points)