Question
Salem want to plan for his wedding which will be 10 years from today. he asked you to help him in this matter. If you
Salem want to plan for his wedding which will be 10 years from today. he asked you to help him in this matter. If you know that Salems wedding will cost him SAR 200,000, and the return on his investment is 8%, answer the following questions.
- How much Salem needs to deposit today to collect the money for his wedding?
- How much Salem needs to deposit every year for the next 10 years to collect the money for his wedding?
- If Salem can deposit only SAR15,000 today, so how many years he has to wait to collect the money for his wedding?
- If Salem can deposit SAR5,000 every year for the next 10 years, what interest rate should he aim for to collect the money for his wedding?
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Equity Valuation Risk And Investment A Practitioners Roadmap
Authors: Peter C. Stimes
1st Edition
0470226404, 9780470226407
