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You are a customer relations officer at Oman Arab Bank. One of the old customers Mohammad Al Kharusi visits you to seek financial advice for
You are a customer relations officer at Oman Arab Bank. One of the old customers Mohammad Al Kharusi visits you to seek financial advice for $10,000 which he wants to invest. He wants to know how much he shall receive if he deposits the money in the bank for 3 years. You know that the bank offers 12% of interest, compounded annually. Find the value of 10,000 in three years he shall receive at the above interest rate compounded annually. O a. $14,149.10 O b. $14,200 O c. $14,049.28 O d. 14,490.28
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