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1.)Agha invests AED 5,000 in a banking scheme at 8 percent. What is the value of investment after 10 years? 2.)You expect to receive an
1.)Agha invests AED 5,000 in a banking scheme at 8 percent. What is the value of investment after 10 years?
2.)You expect to receive an amount in future; What is the present value of AED 10,000, discounted at 5% interest rate for 12 years?
3.)You are thinking to start saving and investing so that you have enough money for your retired life. You invest a single amount of AED100,000 for 10 years at 5%. At the end of 10 years, you take the proceeds and reinvest them for another 5 years at 10%. How much will you have after 15 years?
4) If you invest AED 15,000 per year for 9 years, starting from end of this year, how much money you have at the end of 9 years, assuming 5% per annum return? [All deposit are made at the end of each year]
5) Suppose you invested AED600,000 in your bank account. The bank promises to pay you a regular annual amount for 8 years, starting one year from today, and the account's balance will be 0 at the end of the eight year. If your bank promises to give you a 10% rate of return, how much will the bank have to pay you each year?
6.)Determine present value of a bond with a face value of AED2,000 and an annuity of AED200 for 10 years with discount rate of 10 percent.
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