Question: Find the simple interest and the final value. If the principle is BD 2800 and interest rate 4% and the length of loan 750 months.

  1. Find the simple interest and the final value. If the principle is BD 2800 and interest rate 4% and the length of loan 750 months.

  1. On July 11, Ali joined a gulf club. His bank will automatically deduct BD 100 from his checking account at the end of each month, and deposit it into his gulf club account, where it will earn 8% annual interest. The account comes to term on October 7. Find the following:

  1. Find the future value of Alis gulf club account.
  1. Find Alis total contribution to the account.
  1. Find the total interest earned on the account.

  1. How long will it take BD 600 to accumulate to BD 1200 if the interest is at 5% compounded semi- annually?

  1. What is the amount of annuity of monthly payments of BD 440 each if money is worth 6% annual interest for 25 years?

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