QUESTION 1. A company borrows 100000TL at an interest rate 10% per year compounded monthly. The company pays back this credit at an equal amount of 5,250 quarterly (5,250 payment for each three months) throughout first 3 years. a) What is the remaining amount of money that the company has to pay at the end of year 3 ? b) If the company wants to pay the remaining payments with an equal amount of 3,250 two-monthly ( 3,250 payment for each 2 months) after year-3, then at which month (from the beginning), all the debt of the company will be paid? (Note: The answer should be a month, for instance Z month) Note: Do not use interest table