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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 Mohamed's football club account. ( 4 Marks )
b. Mohamed's total contribution to the account. (3 Marks)
C. Total interest earned on the account. (3 Marks)
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