1) a. Find the present value of an ordinary annuity if you have a plan to pay an annuity of Rial Omani B at the end of each week for A years. Bank Muscat offers the discount rate of E % compounded weekly.

b. Suppose that you have deposited Rial Omani (B E) in the special account of Bank Nizwa at the end of each semi year for C months. If the special account of Bank Nizwa offers at the rate of ( D / E ) % compounded semiannually, then calculate the future value of an ordinary annuity.

Note for both parts

Take A = 14 , B = 2980 , C =980 , D =80 , E = 8