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QUESTION 3 You, as a University of Bahrain Business School student, plan to make a series of deposits in an interes bearing account at National

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QUESTION 3 You, as a University of Bahrain Business School student, plan to make a series of deposits in an interes bearing account at National Bank of Bahn for the future. You will deposit at the end of each year, BHD 23,168, BHD 62,059, BHD 26,311, BHD 65545 and BHD 11,616 respective is 9%, how much will you have after 5 years? QUESTION 4 You are in desperate need of cash and turn to your unde, who has offered to lend you some money You decide to borrow 51.180 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 unde or the bank? 3

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