3. Ahmed has a savings amount of $1,555,000. He wants to deposit in the bank for...

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3. Ahmed has a savings amount of $1,555,000. He wants to deposit in the bank for Interest earnings for 15 Years. Ahmed has the following two investment options: a) Standard Charted Bank pays 8.99 percent simple interest b) HSBC pays @ 7.99 percent interest compound annually. Which will be the BEST INVESTMENT OPTION to Ahmed? Illustrate your answer with calculations. 4. On January 2021 - Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has taken a Car loan @ 3.29 percent flat interest for 4 Years from FAB. How much will be Dana's EMI? 3. Ahmed has a savings amount of $1,555,000. He wants to deposit in the bank for Interest earnings for 15 Years. Ahmed has the following two investment options: a) Standard Charted Bank pays 8.99 percent simple interest b) HSBC pays @ 7.99 percent interest compound annually. Which will be the BEST INVESTMENT OPTION to Ahmed? Illustrate your answer with calculations. 4. On January 2021 - Dana has purchased a Car for $ 690,000 and she has paid $ 190,000 down payment. She has taken a Car loan @ 3.29 percent flat interest for 4 Years from FAB. How much will be Dana's EMI?

Answer rating: 100% (QA)

To determine which investment option is the best for Ahmed we need to compare the interest earnings ... View the full answer