What is the present value of AED 50,000 paid at the end of each of the next 12 years if the interest rate is 5% per year? You want to begin saving for your retirement. You plan to contribute AED 15,000 to the account at the end of this year. You anticipate you will be able to increase your annual contributions by 3% each year for the next 25 years. If your expected annual return is 8%, how much do you expect to have in your retirement account when you retire in 25 years?