Financial Management Chapter 3&4 -Assignment 2 1. Find the future value of AED 20,000 at 8 percent compounded quarterly for 15 years. 2. Sana would like to know the monthly payments and the total finance charges on the following 2 loans: i. AED 300,000, 7%, 36 months ii. ADE 400,000, 6%, 48 months 3.Determine the amount of money in a savings account at the end of seven years, given an initial deposit of AED 50,000 and an 8 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly. 4. Find the future value of AED 10,000 per month (at the beginning of the month) for five years at 6 percent. At the end of five years you take the proceeds and invest them for 9 years at 8 percent. How much will you have after 14 years