Alaa will receive a payment of AED 70,000 per year for 8 years beginning three years from today. At a discount rate of 10 percent, what is the present value of the expected payments? Determine the amount of money in a savings account at the .2 end of 10 years, given an initial deposit of AED 25,000 and 8 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly Find the future value of AED 40,000 per month (at the beginning of the month) for six years at 6 percent. At the end of 6 years you take the proceeds and invest them for 8 years at 8 percent. How much will you have after 14 years? Hessa has borrowed AED 1,000,000 from Arab Bank The annual interest rate on this loan is 8 percent and the loan is to be repaid over seven years with equal payments at the end of each year. i. What will be the annual loan payment? ii. What will be the interest and principal portions of the payments for each of the five years? iii. What will be the total interest payments over the five years? Find the present value of saving AED 10,000 per month at 6 percent for four years