9- A loan of L.E. 7500 is being repaid over eight years by quarterly payment at interest 16% c.q. The payments will be increased by 2% at end of each three months. Compute the initial payment which due after sixteen months from the date of the loan (1+0.04)32 - (1+0.02)32 (a)- (b)- (d)- (e)- 7500 (1+0.04)* 7500 (1+0.04) -48 = R1 48 = R1 7500 (1+0.04) 48 7500 (1+0.04) Nun 7500 (1+0.04) 48