Answer the following questions in Excel File Questions : Houda is applying for one of two credit cards Credit card "A" has an annual fee of BHDS and charges interest of 15% Where Credit card "B" has no annual fee, but charges an interest rate of 10%. If you carry an average balance of BHD800 on your credit card, What is the lowest total anual expenses you could have with one of these two credit cards Question 2 Ahmed has a credit card balance of BHD400 that you were unable to pay off. During the month be purchases another BHD150 worth of products. Also, he made a payment during the grace period of BHD200. Assuming your retail credit card company charges an annual interest rate of 20%, what the new balance of Ahmed. Question 3: Redha wants to purshase a BHD100,000 house in Rifa. He saved BHD25,000 in order to make a down payment. He asked the KFH bank for a BHD80,000 loan and agrees to a repayment schedule of EMI based on simple interest of 8% over a period of 10 years. What will be the Equal Monthly Instalment (EMI? What is Redhe principal and interest poction in month 3? What is the total interest that Redha has to pay over the life of his loan (10) years? If Redha wanted to do an extension for his loan maturity to 12 years, how much would be his new EMI and total interest paid? What do you advise Redha as a Financial Advisor? Question 4 Assuming you were charged simple interest on a loan of BHD6,500 which requires you to repay in one year BHD7,430, what rate of interest would you be charged? (Round the interest rate) Questions Choose two credit cards in Bahrain and describe in small table the advantages and disadvantages of each card Good Luck