Question
this is the question: Assuming that you graduated December 31st 2020 from the University of Buraimi and immediately on the 1st of January 2021, you
this is the question: Assuming that you graduated December 31st 2020 from the University of Buraimi and immediately on the 1st of January 2021, you started working with the Royal Oman police in Muscat. Your salary is 900 OMR monthly and you decided to save 500 OMR at the end of every month beginning from the end of January 2021. You put your monthly savings of 500 OMR into a bank Muscat savings account and the bank agree to pay you a simple interest of 10% per annum. You made this savings for 20
[A] | TOTAL SIMPLE INTEREST EACH YEAR | 275.00 |
[B] | TOTAL YEARLY SAVINGS WITHOUT INTEREST | 6,000.00 |
[C] | TOTAL SAVINGS + INTEREST IN BANK MUSCAT YEARLY | 6,275.00 |
[D] | TOTAL FOR 20 YEARS IN BANK MUSCAT | 125,500.00 |
[E] | FV OF ANNUITY IN BANK SOHAR | 359,400.62 |
[F] | TOTAL ANNUITY IN BANK SOHAR | 125,500.00 |
[G] | TOTAL COMPOUND INTEREST EARNED IN BANK SOHAR | 233,900.62 |
[H] | TOTAL VALUE OF SAVINGS AND INVESTMENT | 359,400.62 |
I need the solution from E to H
The result is provided at each point. I need the solution with steps that lead to get the provided result.
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