Write all steps clearly in word no excel

1. Annuities are insurance contracts that make regular payments to you either immediately or at joined a football club. His bank will automatically deduct BD 200 fom his checking acoount at the end of it will earn 11% ann of each month, and deposit it into his football account, where interest. The account comes to terms on January 7,2023 . Analysis a. Future value of Mohamed's football club account. (4 Marks) b. Mohamed's total contribution to the account. (3 Marks) c. Total interest earned on the account. (3 Marks) cion: Analyze the situation and answer the question given at the end possant kianter. Plan) funds which is around BD250k and would like to know how to investit. Their problem was like one ofter experienced by singles or couples in their age group. As a start in moving their money into an immediate fund. Jirection: Read, understand, and write TRUE if the statement is correct and False if it's ncorrect. (101=10 Marks ) 1. The current worth of a future sum of money or stream of cash flows given a specified rate of return is called Discount Amount. 2. The addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest is called simple interest. 3. Interest in which only the original principal bears interest for the entire term of the loan is called Compound Interest. 4. This is an annuity wherein the payments are made at the end of the payment intervals. e.g., monthly electric bills called Ordinary annuity. 5. Compound Amount is the sum which represents the increase in the original principal at the end of the term. 6. Deferred Annuity is an annuity with a definite beginning date but no ending date. insurance premiums. 7. With Compound Interest, you work out the interest for the first period, add it to the total, and then calculate the interest for the next period, and so on. 8. Annuity due - this is an annuity wherein payments are made at the beginning of the payment