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Question 3. (3 Marks) Al Dahra Agricultural Company, based in UAE, produces animal feed, farming, food products. The company sold old machinery for 100,000 UAE

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Question 3. (3 Marks) Al Dahra Agricultural Company, based in UAE, produces animal feed, farming, food products. The company sold old machinery for 100,000 UAE dirham and decided to put this amount in a term deposit, which usually pays 5 percent compounded annually. a. Calculate the amount of money that Al Dahra Agricultural Company will receive after 2, 4, and 7 years of deposit. b. Re-calculate results from part (a) it bank offers 5 percent annual compound interest on semi-annual basis. C. Re-calculate results from part (a) if bank offers 5 percent annual simple interest rate basis. (2 Marks)

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