Exercise 1 Your uncle is offering you a deal, To pay you at the end of every month, 1,000 EUR, during 15 years with a growing rate of 2% and an interest rate of 5% during the whole period. Or paying you right now, 20,000 EUR. Confirm which option would you choose and the reason. (20 points) Exercise 2 Find the monthly payment necessary to amortize the given loan. $180,000 at 4% for 22 years. How much will you end up paying for this loan?(10 points) Exercise 3 An investment offers $4,200, with the first payment occurring one year from now. If the interest rate is 4% and the payments last forever, what is the present value for this perpetuity ? (20 points) Exercise 4 You invested $2000 every 6 months at 3,5%, compounded semi-annually for 20 years. How much will I earn after 20 years? (20 points) Exercise 5 Assume that the borrower acquired a 10 year, $180,000 loan from a bank. He will repay the loan with 10 equal payments of $26,825'31 at the end of each year. The bank's required interest rate is an annual rate of 8%. Please prepare the amortization table. (30 points)