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1). (a). If you invest AED 150,000 for ten years, you receive AED 1,300,000. What is your average annual return? (b). You deposit 3,500 AED
1). (a). If you invest AED 150,000 for ten years, you receive AED 1,300,000. What is your average annual return? (b). You deposit 3,500 AED in a bank, at 5% interest rate p.a. compounded continuously. Calculate the amount after 20 years. (c). In how many periods a savings account of 100,000 AED becomes 110,000 AED if the interest rate is 3.886% compounded annually? [30 points]
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