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18. You have won a lottery amounting to AED 1,000,000. As per terms of the draw you will receive AED 50,000 for 8 years at
18. You have won a lottery amounting to AED 1,000,000. As per terms of the draw you will receive AED 50,000 for 8 years at the end of each year and balance a lumpsum amount at the end of period [i.e. year 8]. What is the present value of these expected cash inflows, if discount rate is 7% per annum? Select one: O a. AED 779,677 b. AED 647,770 O C. AED 605,354 O d. AED 704,767 10. If you invest AED 20,000 per year for six years, starting from now, how much money you have at the end of six years, assuming 6% per annum return? Select one: a. AED 153,080 b. AED 158,456 c. AED 142,840 d. AED 147,877
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