met Exercise 1(3 marks) Ali will receive a three-year annuity of RO 250 per year, beginning at date 5. If the interest rate is 7%, what is the present value of his annuity? Exercise 2 (5 marks) Nissan Company announced a new car-financing scheme. As per the scheme, if you take a car loan of RO 20,000 for four years the interest rate charged by the company will be only 2% per year. 1) Find the annual instalment to be paid (payment at the end of the period). (2.5 marks) 2) Create an amortization table. (2.5 marks)