Hi Could you take a look on Question 8 and 9? Thanks a lot.

a. If the interest rate is 8 percent, what is the present value of the sales price? b. Is the property investment attractive to you? Why or why not? c. Would your answer to (b) change if you also could earn $200,000 per year rent on the property 8. The screenshot below is from the Wonga.com website wonga homehow it works What does it cost? Can you explain the following figures? a. Interest at 27.99 b. Interest rate: 365% pa. c. Representative APR 5853% 9. The screenshot below is from the website of Provident Personal Credit - a UK doorstep lender. Can you explain their representative APR of 399.7%? Welcome to Provident Personal Credit Provident loans from 100- 500 Know your loan a. If the interest rate is 8 percent, what is the present value of the sales price? b. Is the property investment attractive to you? Why or why not? c. Would your answer to (b) change if you also could earn $200,000 per year rent on the property 8. The screenshot below is from the Wonga.com website wonga homehow it works What does it cost? Can you explain the following figures? a. Interest at 27.99 b. Interest rate: 365% pa. c. Representative APR 5853% 9. The screenshot below is from the website of Provident Personal Credit - a UK doorstep lender. Can you explain their representative APR of 399.7%? Welcome to Provident Personal Credit Provident loans from 100- 500 Know your loan