FM2

This is a subjective question, hence you have to write your answer in the Text-Field given below. Answer the following questions. A. If you borrow Rs. 150,000 for a house at 8% simple annual interest rate for 15 years, what is your monthly payment? [1 Mark] B. You have Rs. 100,000 to invest at 4% interest. If you wish to withdraw equal annual payments for 4 years, how much could you withdraw each year and leave Rs.0 in the investment account? [2 Mark] C. You can deposit Rs. 4000 per year into an account that pays 12% interest. If you deposit such amounts for 15 years and start drawing money out of the account (from 16th year onwards) in equal annual installments, how much could you draw out each year for 20 years? [2 Mark]