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Your contract with your company states that you get one extra month of salary for each year company. Your salary is 12,000 dirhams per month.

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Your contract with your company states that you get one extra month of salary for each year company. Your salary is 12,000 dirhams per month. You receive the end of service money at final year with the company. You work 10 years at this company. They pay you 120,000 dirh= The company puts your extra one month salary at the beginning of each service year in the (shares) as an investment giving an annual return of 5%. Calculate the total value of the ma 10 years if the company re-invests all the initial capital and all returns in shares for the why years

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