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File Edt Vin Windo Home Tools FINAL ASSIGNMEN... * [51 Q3. Mr. Ammar and Mr. Akbar have decided that both will save OMR 4,000 each
File Edt Vin Windo Home Tools FINAL ASSIGNMEN... * [51 Q3. Mr. Ammar and Mr. Akbar have decided that both will save OMR 4,000 each annually. Mr. Ammar open his savings account at the age of 22 and continues it till he reaches 32. In addition, the total of 10 deposits that he made is compounded annually at an interest rate of 11% and then he deposits nothing till his retirement at age 65 (33 years afterwards). Mr. Akbar begins at age 31 depositing OMR 4.000 a year until retirement at age 65 (34 deposits). How much amount will each of them have at the age of retirement? [7] Q4. Ray International company has planned to invest OMR 100,000,000 into the construction industry. The company has received four investment proposals from firms AB, C & D. After a detailed evaluation, the company has accepted the proposal from the firm C. What are the factors that the company has analyzed to accept the investment proposal from C
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