Please note: Kindly solve the following questions as soon as possible. Thank you in advance for your cooperation.

FUTURE value of an annuity (Ordinary):

4. You want to go abroad for higher study. For this you are depositing Tk 12000 at the end of each year. If the interest rate is 9% then how much you will get after 8 years.

5. Mr. X interested to deposit Tk 500 at the end of each month in a DPS account in Mercantile Bank. The interest rate for DPS of the bank is 8%. If he deposited for 3 years then how much he will receive after that period.

Future value of an annuity (Due):

6. Rahman a student of Stamford University would like to buy a motorbike. For fulfilling his dream, he deposits 4000 at the beginning of each year out of his daily receive from his parents. If the interest rate is 10% then how much will it be after 10 years.

7. If someone make a deposit of Tk 6000 at the beginning of each year at the interest rate of 9%. After 5 years what will be the accumulated amount he will receive.