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

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

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