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11-13) A SR100,000 is invested into a fund pays an interest of 12.12%/year/quarter in order to make 36 monthly withdrawals. Each withdrawal decreased by 2%

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11-13) A SR100,000 is invested into a fund pays an interest of 12.12%/year/quarter in order to make 36 monthly withdrawals. Each withdrawal decreased by 2% from the previous one and the first withdrawal will be made 2 months after the investment. Determine the following: 11) The interest rate that should be used to solve this problem. a. 5% b. 3% c. 1% d. 12% 12) Assume the answer of the previous question is 5% compounded monthly, determine the size of the first withdrawal: a. SR 4,401 b. SR 2,205 c. SR 8,019 d. SR 6,321 13) Assume the first withdrawal is SR 5000, what is the size of the 8th withdrawal a. SR 4,340.63 b. SR 3.491.69 O. SR 4,253.81 d. SR 5.231.22 11-13) A SR100,000 is invested into a fund pays an interest of 12.12%/year/quarter in order to make 36 monthly withdrawals. Each withdrawal decreased by 2% from the previous one and the first withdrawal will be made 2 months after the investment. Determine the following: 11) The interest rate that should be used to solve this problem. a. 5% b. 3% c. 1% d. 12% 12) Assume the answer of the previous question is 5% compounded monthly, determine the size of the first withdrawal: a. SR 4,401 b. SR 2,205 c. SR 8,019 d. SR 6,321 13) Assume the first withdrawal is SR 5000, what is the size of the 8th withdrawal a. SR 4,340.63 b. SR 3.491.69 O. SR 4,253.81 d. SR 5.231.22

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