Remaining Time: 1 hour, 47 minutes, 57 second Question Completion Status Con 2. A V Moving to another question will save this response Question 2 5.5 po Your friend is considering opening her own restaurant. She will be taking a 18-year loan of AED 1.600.000 from a barik. The loan will be repaid in 216 monthly payments (principal and interest) of AED 9,500 per month over the next 18 years. The taxat in UAE is 5%. What is the before-tax and after-tax interest rate (per year) on your friend's loan? Explain the reason for difference Note: You may use the following excel sheet for calculation. Please click the following link. fin 3082.xlsx 7ce you are done with calculation in the excel sheet, MacBook Pro 7 6 5 0 3 E R E T 10 42 5 10 A Moving to another question will save this response Question 2010 Save AB uestion 2 5.5 points Your friend is considering opening her own restaurant. She will be taking a 18-year loan of AED 1,600,000 from a bank. The loan will be repaid in 216 monthly payments (principal and interest) of AED 9,500 per month over the next 18 years. The tax rate in UAE is 5%. What is the before-tax and after-tax interest rate (per year) on your friend's loan? Explain the reason for difference. Note: You may use the following excel sheet for calculation. Please click the following link. in 3082.xlsx MacBook Pro o 7 7 0 6 5 3- E 3 2 . Y R E E W. Co: J K G F HT S 0