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5. To pay his university education, Mr. Ahmed is saving omr 1000, at the beginning of each year for the next 7 years in a

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5. To pay his university education, Mr. Ahmed is saving omr 1000, at the beginning of each year for the next 7 years in a Bank Muscat account paying 10% interest rate. How much will Mr. Ahmed have in that account at the end of 7 year? Mr. Ahmed need omr 17000 to pay his university fees in future, justify your suggestion to him regarding his investment in Bank Muscat? (Answer page number 8, font size 10) (Marks 5)

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