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answer all questions without details 11-13) A SR100,000 is invested into a fund pays an interest of 12.12%/year/quarter in order to make 36 monthly withdrawals.
answer all questions without details
11-13) A SR100,000 is invested into a fund pays an interest of 12.12%/year/quarter in order to make 36 monthly withdrawals. Each withdrawal decreased by 2% from the previous one and the first withdrawal will be made 2 months after the investment. Determine the following: 11) The interest rate that should be used to solve this problem. a. 5% b. 3% c. 1% d. 12% 12) Assume the answer of the previous question is 5% compounded monthly, determine the size of the first withdrawal: a. SR 4,401 b. SR 2,205 c. SR 8,019 d. SR 6,321 13) Assume the first withdrawal is SR 5000, what is the size of the 8th withdrawal a. SR 4,340.63 b. SR 3,491.69 c. SR 4.253.81 d. SR 5.231.22 14) Determine the present worth of the following cash flow at an interest rate of 10% compounded continuously: year 1 2 CF (SR) 2000 2000 2000 3 2000 5 4000 2. SR8,202.5 b. SR 5,560.83 c. SR 8,695.54 d. SR 8,089.01 15-16) Khalid borrowed SR 15,000 at 8% and his payments are scheduled as follows: EOY 2 | 3 4 5 CF 0 - 2X -3X 15) Calculate the value of X that the loan is fully repaid. a. SR 3,483.79 b. SR 2,034.6 c. SR 1,890.4 d. SR 1,821.07 16) Assume the payments will be a uniform series from 12,51 a. SR 4,588,60 b. SR 4,441.69 c. SR 5,540,07 d. SR 4,89 Step by Step Solution
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