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11. A contest has a grand prize of OMR500,000. However, the contest stipulates that the winner will receive just OMR200,000 immediately, and OMR 30,000 at

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11. A contest has a grand prize of OMR500,000. However, the contest stipulates that the winner will receive just OMR200,000 immediately, and OMR 30,000 at the end of each of the next 10 years. Assuming that one can earn 8% on their money, how much has the contest winner actually won? 12. What is the total present value of OMR80 received in one year OMR300 received in two years, and OMR700 received in six years if the discount rate is 7%

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