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Question 14 Not yet answered Marked out of 6.00 Flag question Answer ANY THREE from the following (3*2=6marks) a-Saif is interested to have RO
Question 14 Not yet answered Marked out of 6.00 Flag question Answer ANY THREE from the following (3*2=6marks) a-Saif is interested to have RO 35,000 in his bank account at the end of 10 years. If the bank pays a 5% interest rate how much he must deposit each year to get 35,000. (2Marks) b-If you have a principle of 300 and the interest rate given 3% what amount will you get after 35 weeks and 150 days? (2Marks) c-What is the future value of 50,000 at 2.5% after 3 years? (2Mark) d-Salim has offered a choice to Ahmed three alternative 5,000 now; $1,200 a year for eight years; or $12,000 at the end of 10 years. Assuming Ahmed could earn 10% annually, which alternative should Ahmed choose and why? (2Marks) e-Find the present value an annuity 10,000 at an interest rate of 12% after 8 years. (2Marks) Files Accepted file types Maximum size for new files: 10MB
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