East and west Company, Dubai wants to finance their Construction Equipment costing AED. 500,000 for 20 years under the following options: A. 80% loan from Dubai Islamic Bank at 9% profit rate B. 90% loan trom Emirates Islamic Bank at 9.5% profit rate what would be your investment decision and why? Q3. You deposit S 10,000 in a savings account that eams 7.5% simple interest per year, what is the minimum number of years you must wait to double your balance? Suppose instead that you deposit the $10,000 in another savings account that earns 7% interest compounded yearly. How many years will it take now to double your balance? Q4. You are considering investing AED-30,000 at an interest rate of 8% compounded annually for five years or investing the AED30,000 at 9% per year simple interest for five years, which option is better and why? Q5. The average price of a new home is AED. 1,800,000. If new home prices are increasing at a rate of 6% per year, how much will a new home cost in 10 years? Q6, what will be the amount accumulated by each of these present investments? (a) $7,000 in 5 years at 6% compounded annually (b) $3,250 in 15 years at 5% compounded annually (c) $18,000 in 33 years at 8% compounded annually (d) $20,000 in 8 years at 9% compounded annually Q7. A local newspaper headline blared, "Bo Smith Signed for S30 Million," A reading of the article revealed that on April 1, 2010, Bo Smith, the former record-breaking running back from