1. The National revenue Savings Fund promises a monthly 0.75% return if you deposit

100500 tk per month for 15 consecutive years. What amount will be accumulated after

those 15 years? Calculate future value annuity?

2. How long it would take tk 150000 to double if it was invested in a bank at 6.5% interest

rate?

3. Suppose you deposited the $1,000 in 4 payments of $250 each at the end of Years 1, 2, 3,

and 4. How much would you have in your account at the end of Year 4, based on 8%

annual compounding?

4. Why time value of money is important in finance?