9. A loan of $7500 for borrowed at an interest rate of 92% per annum. a. Find the interest gained over a 3 year period. b. Find the total amount owed at the end of the 3-year period. C. Find the monthly payment for the borrower. d. How does the monthly payment change when: i. The interest rate changes to 91% ii. The payment period is shortened to 2 %2 years 10. Janet invested $3200 in 5-year government bonds. She now has the option to reinvest these bonds or cash them out. If she chooses to cash out the bonds, she will receive the balance accrued of $4240. If she chooses to reinvest, she can either continue with the same type of government bond for another 5 years or choose a high-risk endowment plan that has double the interest rate of the bond, but only for a 6 month period. a. What was the simple interest rate on the government bond? b. If she chooses to reinvest, what is the difference in interest earned between the two investment options? C. What if the government bonds were calculated using compound but not simple interest where the interest was applied per annum