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A- Fahd deposited an amount of 3,000 riy with compound annual interest, at an annual rate of 8%, for a period of nine years. Find

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A- Fahd deposited an amount of 3,000 riy with compound annual interest, at an annual rate of 8%, for a period of nine years. Find the future value of the sum. (5 marks) Amount deposited = 3000 RLS Annual interest = 8% for 9 years Required: Finding the future value of the sum: C-A person deposits 2000 riyals at the end of each year for a period of 7 years with compound annual interest, the annual rate of which is 10%. Find the present value of these payments

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