Lwasa a prominent business man in Kiwenda Town wants to start Hardware in the town that is valued at UGX 12.5 mililions. He has saved 45% of the required amount with his local SACCO and wants to top up the balance. However he has been approached by two money lenders Juma and Saidi who lend there money according to the following conditions. JUMA He lends at a simple interest rate of 8% per annum payable in 24 equal monthly installments SAIDI He lends at a compound interest rate of 8% per annum payable in 24 equal monthly installments Mr Lwasa wants to decide on which of the two money lenders to opt for. TASKS: (a) Help Mr Iwasa find how much money he intends to borrow. (b) Which of the two money lenders would you recommend Mr lwasa to opt for.​