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(A) Mr. Zuhair deposits S 60,000 into a bank, which pays 4% interest that is compounded semiannually. What will he have in his account at
(A) Mr. Zuhair deposits S 60,000 into a bank, which pays 4% interest that is compounded semiannually. What will he have in his account at the end of five years and compound interest amount? (B) The owner of a small factory thinks that he will need $ 75,000 for new equipment in 10 years. He decides that he will put aside the money now so that after 10 years the $ 75,000 will be available. His bank offers him 10% interest compounded semiannually. What is the present value of the S 75,000
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