If-you will decide to pursue your-higher education degree in-five-years' time.And you- informed your parents that you...

 

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If-you will decide to pursue your-higher education degree in-five-years' time.And you- informed your parents that you want-to go-to International University of management-to- study your master-degree-in-business administration-in UK.The cost of-studying a master degree in-the institution will-cost-nearly OMR-25,000-per-annum-and-the-degree will-be- for:3-years of study.-Your parents supported your-ambitions and-they started depositing- at-HSBC, an amount of OMR-5,000-per year, five(5) years ago, the bank-paid-and-annual- interest-at-5% on-such-deposits.¶ Required: A)>How much-is the total-deposits as of-today as well-as the total·interest, in HSBC?| B)>How much-more will-your-parents have-to-invest-each year for the next-five years to-have the necessary funds for your-education? C)>Suppose your parents have an-option of-investing their-OMR-80,000-in-the- following-banks-below. Determine by-means of appropriate-calculations in which: bank you would-advise them to•deposit their-money? Banksa Interesta 3.5% per annum compounded-annually¤ 3.8% per-annum-compounded monthlya 4.2% per annum compounded-semi- annuallya Bank-Sohara Bank-Muscata Dhofar-Banka If-you will decide to pursue your-higher education degree in-five-years' time.And you- informed your parents that you want-to go-to International University of management-to- study your master-degree-in-business administration-in UK.The cost of-studying a master degree in-the institution will-cost-nearly OMR-25,000-per-annum-and-the-degree will-be- for:3-years of study.-Your parents supported your-ambitions and-they started depositing- at-HSBC, an amount of OMR-5,000-per year, five(5) years ago, the bank-paid-and-annual- interest-at-5% on-such-deposits.¶ Required: A)>How much-is the total-deposits as of-today as well-as the total·interest, in HSBC?| B)>How much-more will-your-parents have-to-invest-each year for the next-five years to-have the necessary funds for your-education? C)>Suppose your parents have an-option of-investing their-OMR-80,000-in-the- following-banks-below. Determine by-means of appropriate-calculations in which: bank you would-advise them to•deposit their-money? Banksa Interesta 3.5% per annum compounded-annually¤ 3.8% per-annum-compounded monthlya 4.2% per annum compounded-semi- annuallya Bank-Sohara Bank-Muscata Dhofar-Banka

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A Statement of total Deposite Total interest Sr No Year Amount Deposite Cumulative Deposite A Intere... View the full answer