FELS/KFS3223/NOV19 QUESTION 2 a) In order to start a business, Siva has to borrow $220,000 from a bank. The interest rate on the loan is 0.15% per month and Siva will make a total of 72 monthly payments. Construct the cash flow diagram and calculate the monthly payment. 15 marks) b) Suppose that Ahmed borrow $50,000 now, promising to repay the loan principal plus accumulated interest in five years at i -12% per year. Construct the cash flow diagram and calculate how much would Ahmed have to repay at the end of five years? [5 marks c) Construct the cash flow diagram and calculate how much will you have in 30 years if you save $5,000 each year and your account earn 8% interest each year. 15 marks) I [Total: 15 marks)