1.1. Anthony has 200,000 SAR in Riyadh Bank today. How much money will he have in...
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1.1. Anthony has 200,000 SAR in Riyadh Bank today. How much money will he have in the Bank 5 years from today considering that the bank pays 6% of interest every year? 1.2. Brenda needs to have an accumulated sum in the Bank of 300,000 SAR 5 years from now. How much money does she need to deposit today to achieve that goal assuming the Bank pays a 2.5% interest rate per year? 1.3. Carla has 75,000 SAR in the bank today and she wants to have 150,000 SAR 7 years from today. What should be the annual interest rate so that she will attain this goal? 1.4. Dwight wants to know after how many years he will have 500,000 SAR in the Bank. He now has 230,000 SAR and the Bank pays an annual interest rate of 4,75%. How many years does he have to wait? 1.5. Ella will deposit every year 50,000 SAR in her bank account. After 10 years, how much money will she have in her account, considering that the Bank pays an annual interest rate of 4%? 1.1. Anthony has 200,000 SAR in Riyadh Bank today. How much money will he have in the Bank 5 years from today considering that the bank pays 6% of interest every year? 1.2. Brenda needs to have an accumulated sum in the Bank of 300,000 SAR 5 years from now. How much money does she need to deposit today to achieve that goal assuming the Bank pays a 2.5% interest rate per year? 1.3. Carla has 75,000 SAR in the bank today and she wants to have 150,000 SAR 7 years from today. What should be the annual interest rate so that she will attain this goal? 1.4. Dwight wants to know after how many years he will have 500,000 SAR in the Bank. He now has 230,000 SAR and the Bank pays an annual interest rate of 4,75%. How many years does he have to wait? 1.5. Ella will deposit every year 50,000 SAR in her bank account. After 10 years, how much money will she have in her account, considering that the Bank pays an annual interest rate of 4%?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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