Question: Omar borrows AED 7,000,000 to be repaid over 5 years at 5 %. 1. a) Calculate the total interest paid. 1084117.93 2. b) How much

Omar borrows AED 7,000,000 to be repaid over 5 years at 5 %. 1. a) Calculate the total interest paid. 1084117.93 2. b) How much interest paid until the second year? 216823.58 3. c) Calculate Omar's ending balance of the second year .8933970.93

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