John wishes to take out a loan for $4000. The interest rate on this loan would be 12% per annum and Tom wishes to make equal monthly repayments, over two years starting one month after the loan is taken out. What would be the monthly repayment on the loan to the nearest $? A $169.17 B $188.29 C) $181.82 D $166.67 Sydney wishes to make an investment on a monthly basis starting next month for two years. The payments into the fund would be made on the first day of each month. The interest rate will be 1% per month. Sydney needs a terminal value of $7000. What should be the monthly payments into the fund to the nearest $? A $285.46 B $256.94 C $302.68 D $259.51