Q4) As all of you know that Sahil is saving money for his big wedding. As you know he promised this Busn 298 instructor and classmates' invitation to Mombasa to attend the wedding with all expansive covered by him including airfare from Vancouver. a) What is compounding? What is discounting? What is compounding factor? What is discounting factor? What is the discounting factor for PV of Annuity? What is the compounding factor for FV of Annuity? b) Explain what each of the following: simple interest, interest on interest and compound interest c) Sahil is saving $15,000 for him big wedding (He got the money form his parents). How much Sahil will have for his wedding in 10 years? What is the simple interest he earned? What is the compound interest he earned? What is the interest on interest he earned?- d) Explain why an interest-only loan is more expensive than amortized loan even if they have the same interest rate. Q4) As all of you know that Sahil is saving money for his big wedding. As you know he promised this Busn 298 instructor and classmates' invitation to Mombasa to attend the wedding with all expansive covered by him including airfare from Vancouver. a) What is compounding? What is discounting? What is compounding factor? What is discounting factor? What is the discounting factor for PV of Annuity? What is the compounding factor for FV of Annuity? b) Explain what each of the following: simple interest, interest on interest and compound interest c) Sahil is saving $15,000 for him big wedding (He got the money form his parents). How much Sahil will have for his wedding in 10 years? What is the simple interest he earned? What is the compound interest he earned? What is the interest on interest he earned?- d) Explain why an interest-only loan is more expensive than amortized loan even if they have the same interest rate