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(1) A loan is amortized over five years with monthly payments at a nominal interest rate of 9% compounded monthly. The first payment is N$ 1000 and is to be paid one month from the date of the loan. Each subsequent monthly payment will be 2% lower than the prior payment. Caleulate the outstanding loan balance immediately after the 40th payment is made. (2) A 10% bond with semi-anmal coupons and with face and redemption amount N$ 1.000 is issued with the condition that the redemption can take place on any coupon date between 10 and 15 years from the issue date. Find the price paid by an investor wishing a minimum yield rate of 11% (3) Explain the following terms with appropriate examples: (a) Equity forwards. (b) Currency forwards. (4) Show that the total interest paid on the amortization of a loan with leveled monthly pay- ments K for n years at an interest rate of % per annum is equal