Question: 10 points Save Antwer Question 4 A. Nadia wants to buy a custom made Mercedes. The car will cost her AED 700,000. How much interest

10 points Save Antwer Question 4 A. Nadia wants to buy

10 points Save Antwer Question 4 A. Nadia wants to buy a custom made Mercedes. The car will cost her AED 700,000. How much interest compounded annually must she earn if she deposits AED 200,000 today and she has to wait for 5 years? 8. You are given AED 200,000 today that you decide to deposit in a Savings Account for a period of 20 years invested at an 12% compound interest rate per annum, compounded continuously. How much will you have in the Savings Account after 20 years, TTT Artal 3(12pt)

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