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Question No : (A) You are offered an annuity that will pay OMR 700 per month for 10 years, the first payment will be made

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Question No : (A) You are offered an annuity that will pay OMR 700 per month for 10 years, the first payment will be made today. If you feel that the appropriate interest rate is 1% per month, what is the annuity worth to you today, it interest is compounded monthly (2 Marks) At what quoted annual interest rate must OM 50.000 be invested so that ir will grow to be OMR 400,000 in 8 years of interest is compounded weekly? (2 Marks)

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