You planned to go for a holiday 2 years from now. The cost of your holiday is $12,000 now and the cost of will increased by 6% per annum. To pay for your holiday, you will need to save a monthly amount for the next 2 years in a bank account that pays 5 percent interest per annum. How much do you need to save monthly? (10 marks) Question 3 You wish to buy a car that will cost you $130,000. Your bank has agreed to give you a hire purchase loan of 90% with a 9 -year repayment period. The bank charges a 4% per annum simple interest. Calculate the monthly repayment for your car