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PLs help mee

Show workings for all questions Question 1 (1 Mark) You lend a friend $11,000, for which your friend will repay you $28,904at the end of 5 years. What interest rate are you charging your friend? Answer Question 2 (2 Marks) Ahmad, age 10, wants to be able to buy a really cool new car when he turns 16. His really cool car costs $18,000 today, and its cost is expected to increase 4 percent annually. Ahmad wants to make one deposit today into an account paying 8 percent annually in order to buy his car in 6 years. How much will Ahmad's car cost, and how much does Ahmad have to save today in order to buy this car at age 16