Question
-On April 17, Mohamed joined a football club. His bank will automatically deduct BD 150 from his checking account at the end of each month,
-On April 17, Mohamed joined a football club. His bank will automatically deduct BD 150 from his checking account at the end of each month, and deposit it into his football account, where it will earn 3% annual interest. The account comes to term on November 1. Analysis the following:
a. Future value of Mohameds football club account.
b. Mohameds total contribution to the account
c. Total interest earned on the account
answers :
A.1686.012. b.1680 c. 6.012
B.1899 b.1800 c. 99
C.1057.298. b.1049.4 c. 7.898
D.1949 b.1900 c. 49
E.1583.022. b.1580 c. 3.022
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