Simple unt VP (einnit e [4-cuis] [ [ 4+12] PV: R [ FV: R Q1: A person deposit $350 in a financial institution that pay 6% for 3.5 years. How much will be available to him if the rate (20pt) 1. simple interest 2. compounded annually 3. Compounded weekly 4. Compounded continuously 5. How long will it take to double the $3500, if the rate is compound daily Ayman bought some electrical appliance from Sbetanni. Ayman received an invoice worth $6500. The term of the invoice was 3/10, 1/30. (8pt) 1. Should Ayman borrow from the Arab Bank if the Bank's rate is 12% (4pt) 2. What is the maximum rate that Ayman is willing to pay (4pt) (Use simple rate)