Question
1. Layal wants to have BD 21000 in her account by the end of 11 years and 6 months. How much should she invest today
1. Layal wants to have BD 21000 in her account by the end of 11 years and 6 months. How much should she invest today in the bank paying 7% quarterly?
2. Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have BD 130 taken out of each of his monthly checks; it will earn 12% 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 Nadas annuity.
b. Find Nadas total contribution to the annuity.
c. Find the total interest earned on the annuity.
3. If BHD 13000 is invested on July 20, 2021 at 8% interest compounded semi-annually, find the maturity value and the compound interest on November 13, 2021.
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