QUESTION 2 a) You have received your credit card statement for the period beginning 15 March to 14 April 2019. The interest rate charged by Nat East Bank is 18 percent per annum and the monthly minimum payment is 5 percent. You want to verify the monthly finance charges and the details of the statement are stated below. Date Items RM March 15 Previous Balance 5,300 March 17 Purchase shoes at Zalora online store 250 March 20 Petron Gebeng 130 April 08 Payment (Internet Banking) 600 April 08 Purchase clothes at Fashion Valet online store 690 April 08 MAS return ticket to Langkawi 340 April 10 Purchase printer at Harvey Norman store 300 April 11 Shell Batu Burok 150 April 13 Purchase Midea Vacuum at Lazada online store 260 April 14 Payment (Internet Banking) 1,000 Compute the following, using average daily balance, including new purchases. i) Average daily balance ii) Interest charge ill) Outstanding balance iv) Minimum payment v) Outstanding balance after minimum payment. (10 marks) b) Though people often use the names interchangeably, credit cards and charge cards are actually different. Explain the differences between credit cards and charge cards. (5 marks) c) Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. State four (4) components of risk factors affecting the choice of investments, (5 marks) QUESTION 3