Suppose that annual income from a rental property is expected to start at $1,300 per year and decrease at a uniformamount of 550 each year after the first year for the 15-year expected life of the property. the investment cost is 58,000,and i is 9% per year. is this a good investment? assume that the investment occurs at time zero (now) and that the annualincome is first received at eoy one. (problem)problema lump-sum loan of $5,000 is needed by chandra to pay for college expenses. she has obtained small consumer loanswith 12% interest per year in the past to pay for college. but her father has advised chandra to apply for a plusstudent loan charging only 8.5% interest per year. if the loan will be repaid in full in five years, what is the difference intotal interest accumulated by these two types of student loans? problem 1suppose that, in plan 1 of table, $8,500 of the original unpaid balance is to be repaid at the end of months two and fouronly. how much total interest would have been paid by the end of month four.)problem 2compare the interest earned by p dollars at i%per year simple interest with that earned by the same amount pfor fiveyears at 1% compounded annually. problem 3you borrow $200 from a family member and agree to pay it back in six months. because you are part of the family, you areonly being charged simple interest at the rate of 1% per month. how much will you owe after six months? how much ofthis is interest?