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Q Savola owns Alahli bank 8 annual payments in 2023, 2024,2025,2026,2027,2028,2029,2030 Each payment is 1,000,000 SAR per year Alahli charges 5% per year interest (compound)

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Q Savola owns Alahli bank 8 annual payments in 2023, 2024,2025,2026,2027,2028,2029,2030 Each payment is 1,000,000 SAR per year Alahli charges 5% per year interest (compound) Also Savola own Alraghi bank one future payment in 2026 that is 6,000,000 SAR Alraghi charges 5% per year interest )compound) If Savola would like to pay both payments today excluding the interest A) How much should Savola pays Alahli Bank? B) How much should Savola pays Alrahgi Bank

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