Know how to calculate the interest rate on a SAR 250,000 loan that must be paid in 25 years in $25,000 installments.

You decide to borrow SAR 600,000 to build a new home. The bank charges an annual interest rate of 5% and requires a payment at the end of each year. What will the annual payment be?

If you put SAR 200,000 in an investment that returns eight percent compounded semi-annually, what would you have after five years?

A retirement plan guarantees to pay you or your estate a fixed amount for 25 years. At the time of retirement, you will have SAR 600,000 to your credit in the plan. The plan anticipates earning 6% interest annually over the period you receive benefits. How much will your annual benefits be assuming the first payment occurs one year from your retirement date?