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You are going to withdraw OMR5,000 at the end of each year for the next four years from an account that pays interest at a
You are going to withdraw OMR5,000 at the end of each year for the next four years from an account that pays interest at a rate of 9% compounded annually. The account balance will reduce to zero when the last withdrawal is made. How much interest will you earn on the account over the four-year life? Select one: a. OMR5,711.20 b. OMR3,801.40 c. OMR4,000.00 d. OMR 0.00 e. OMR2,409.60
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