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1. Find the simple interest and the final value. If the principle is BD 6000 and interest rate 4% and the length of loan 750

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1. Find the simple interest and the final value. If the principle is BD 6000 and interest rate 4% and the length of loan 750 months 2. On July 15, Ali joined a gulf club. His bank will automatically deduct BD 190 from his checking account at the end of each month, and deposit it into his gulf club account, where it will earn 8% annual interest. The account comes to term on October 7. Find the following: a. Find the future value of Als gulf club account ( 3 Marks) b. Find Al's total contribution to the account. (1 Mark) c. Find the total interest eamed on the account. (1 Mark) 3. How long will it take BD 600 to accumulate to BD 1200 if the interest is at 5% compounded semi- annually? 4. What is the amount of annuity of monthly payments of BD 240 each if money is worth 6% annual interest for 25 years? 5. Layal wants to have BD 33000 in her account by the end of 13 years and 6 months. How much should she invest today in the bank paying 7% quarterly? 6. Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have BD 110 taken out of each of his monthly checks; it will earn 11% annual interest. She just had her 26 birthday, and her ordinary annuity comes to term when she is 66. Find the following: a. Find the future value of Nada's annuity. (3 Marks) b. Find Nada's total contribution to the annuity. (1 Mark) c. Find the total interest earned on the annuity. (1 Mark) 7. If BHD 16000 is invested on July 20, 2019 at 8% interest compounded semi-annually, find the maturity value and the compound interest on November 13, 2019

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