Bread Pitt Bakers have a bank loan that requires them to pay $3,000 at the end of each month. If they have missed their repayments for 4 months, what payment will be required in the 5^th month to put them back on schedule if they are charged interest at 15% p.a. compounding monthly?

Group of answer choices

$15,226.88

$15,379.72

$15,611.34

$12,379.72

$12,226.88

With the rising cost of home insurance, Danilo is thinking about switching insurers. He currently pays NRMA $28.78 per week. If he was to switch to Allianz, Danilo can choose between paying his insurance premium either at the beginning of the year or the beginning of the fortnight. If the annual premium with Allianz is $2,682.74, what fortnightly payment would be corresponding to paying annually given an interest rate of 8% p.a. compounded weekly?

Group of answer choices

$104.67

$126.17

$118.15

$107.20

$115.02