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You would like to purchase a Car that costs OMR 37260. You planned with your banker to collect the amount for this project. You decided
You would like to purchase a Car that costs OMR 37260. You planned with your banker to collect the amount for this project. You decided to deposit OMR 8450 each year and during 7 years. Suppose also that the bank gives an annual Interest Rate of 6% Questions: 1- Trace the Time Line illustrating the story 2. What would be the amount collected at the end of the seventh year? 3. Will you have enough money to buy the car? How much is the difference between the amount saved and the car price? Can you buy it
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