Saeed decided to take a loan of AED 500.000 from a bank to buy a house. He was offered two choices by the bank to repay the loan Option 1. Single payment at the end of year 7 with 5% simple interest per year Option 2 Single payment at the end of year 9 with 4% annually compounded interest Which option he should choose? Select the closest correct answers for the below questions from the answers list provided below What is the total amount that Saeed has to pay using option 19 What is the total amount that Seeed has to pay using option 2 Which option should Saeed choose? Option 2 b. 790,235.79 c050.000 00 d. Option 1 716.235.79 f. 090.235 00 700.000.00 h.675.000.00 QUESTION 8 Compare the machines shown below on the basis of their capitaland cost. Use i 10% per year Machine t Machine 2 po