You have wrote a scientific book and looking for a royalty deal. A publisher offers you the royalty on your scientific book AED 10,000 for next 14 years, payable at the end of each year. What is present value of these cash inflows, if discount rate is 6% per annum? ANSWER FORMAT: 1234.56 Answer: Suppose you invested AED 462658 in your bank account. The bank promises to pay you a regular annual amount for 8 years, starting one year from today, and the account's balance will be 0 at the end of the eight year. If your bank promises to give you a 10% rate of return, how much will the bank have to pay you each year? ANSWER FORMAT: 1234.567 Answer: You expect to receive an amount in future; What is the present value of AED 10,000, discounted at 5% interest rate for 15 years? ANSWER FORMAT 1234.56