QUESTION 1 You have just inherited S487,618. You plan to save this money and continue to live off the money that you are earning in your current job. If you can invest the money in a bond that pays 7.27 percent interest annually, how long wil it be before your inheritance is worth $1,182,372? QUESTION 2 You, as a University of Bahrain Business School student, plan to make a series of deposits in an interest-bearing account at National Bank of Bahrain (NBB) for the future. You will deposit at the end of each year, BHD 22,800, BHD 58,124, BHD 49,905, BHD 18,288 and BHD 77,168 respectively. If the interest rate is 11%. how much will you have after 5 years? QUESTION 3 You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,180 and agree to pay back $1,798 in 3 years. Alternatively, you could borrow from your bank that is charging 6.5 percent interest annually. Should you go with your uncle or the bank? QUESTION 4 Beautinator Cosmetics borrowed $152,300 from a bank for three years. If the quoted rate (APR) is 17 26 percent, and the compounding is daily, what is the effective annual rate (EAR)