Hamad will receive the following payments at the end of the next five years: AED 90,000, AED 80,000, and AED 95,000, AED 82,000 and AED 90,000. If Hamads bank pays an annual interest rate of 6 percent , what is the future value of the five payments ?

. The parents of Hala saved an amount of AED 20,000 to cover her university costs and expected to grow 5 percent per year. The saving amount will be invested in an account paying 8% interest, what is the amount of money she will need to have available at age 18 to pay for all four years of her undergraduate education If the current rate of interest is 6% APR, what is the future value of an investment that pays AED 15,000 every two years and lasts 20 years. You are considering purchasing a new home. You will need to borrow AED 4,000,000 to purchase the home. A mortgage company offers you a 10-year fixed rate mortgage at 12% APR. If you borrow the money from this mortgage company, what is your monthly mortgage payment

.Amira has borrowed AED 3,000,000 from Al-Mashreq Bank The annual interest rate on this loan is 8 percent and the loan is to be repaid over five years with equal payments at the end of each year. What will be the interest and principal portions of the payments for year 3 and What will be the total interest payments over the five years