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On July 15, Ali joined a gulf club. His bank will automatically deduct BD 190 from his checking account at the end of each month,

  1. On July 15, Ali joined a gulf club. His bank will automatically deduct BD 190 from his checking account at the end of each month, and deposit it into his gulf club account, where it will earn 8% annual interest. The account comes to term on October 7. Find the following:

  1. Find the future value of Alis gulf club account. ( 3 Marks )

  1. Find Alis total contribution to the account. (1 Mark)

  1. Find the total interest earned on the account. (1 Mark)

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