Question 1 enter bonowed 57 103 an interest rate of 00 Shed $2.000 metres for this on What was the DURATION (PERIOD) of her loan? USE SISAPLE INTEREST CONCEPT TO SOLVE THIS QUESTION AND PROVIDE YOUR ANSWER UP TO CLOSEST 2 DECIMAL POINTS ONLY THE FORMULAS ARE PROVIDED BELOW Simple Interest SI = P xixn FV = SI + P Compound Interest FVM = PV(1 + i)" or 1 (1 + i)" FVn = PV(FVIF..) PVA, = PMT or FV PVA, = PMT(PVIFA1,7) PV (1+0) or PV = FV,(PVIF...) FVAD, = PMT (+9" ](1+i) or PV = FV..(1 + i)" PVAD. = PMT 10 (1+ FVA, PMT (404 FVA. = PMT(FVIFA) or