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 c. SR 4,253.81 d. SR 5,231.22 14) Determine the present worth of the following cash flow at an interest rate of 10% compounded continuously: 1 3 year CF (SR) 2 2000 2000 4 2000 5 4000 2000 a. SR 8,202.5 b. SR 5,560.83 c. SR 8,695.54 d. SR 8,089.01 15-16) Khalid borrowed SR 15,000 at 8% and his payments are scheduled as follows: 1 EOY CF Flo 2 -X & 3 - 2x 4 -3X 0 5 -4X 15) Calculate the value of X that the loan is fully repaid. a. SR 3,483.79 b. SR 2,034.6 c. SR 1,890.4 d. SR 1,821.07 16) Assume the payments will be a uniform series from (2,5). a. SR 4,588.60 b. SR 4,441.69 c. SR 5,540,07 d. SR 4,891.1 17) How long does it take approximately for money to double in value if you earn 8%? a. 8 Years and 7 months b. 9 years. e. 14 years and 3 months d. 22 years and 6 months 18) For the below cash flow, the correct notation to find the present worth at 10% interest rate is: year CF (SR) 2 4000 3 3000 5000 4 2000 5 1000 2000 a. 5000 (P/A 10%, 6) - 1000 (P/G 10%, 6) b. 5000 (P/A 10%, 5) + 2000 (P/A 10%, 5) - 1000 (P/G 10%, 5) c. 5000 (P/A 10%, 5)- 1000 (P/G 10%, 5) + 2000 (P/F 10%, 6) d. 5000 (P/A 10%, 6)- 1000 (P/A 10%, 6) + 2000 (P/F 10%, 6) 19) The correct notation to be used for finding the present value of SR 200 at the 35th year at 8 % interest rate is: a. 200 (P/F 8%, 30) + 200 (P/F 8%, 5) b. 200 (P/F 8%, 30) (P/F 8%, 5) c. 200 (P/F 8%, 15) (A/F 8%, 15) (P/F 8%, 5) d. 200 (P/F 8%, 5) (P/F 8%, 20) (P/F 8%, 5)