Question: Mohammed has RO 6000 which he is not going to use for the next few years. If he deposits it in saving account which pays

Mohammed has RO 6000 which he is not going to use

for the next few years. If he deposits it in saving account

Mohammed has RO 6000 which he is not going to use for the next few years. If he deposits it in saving account which pays 8% interest for 10 years, then the future value will be (Table value 2.15982) a. RO 12985.92 O b. RO 14782.29 O c. RO 11985.23 O d. None of the options Every business need funds to purchase fixed assets like land, building and equipment. For this reason, the most appropriate source of finance is a. Medium term financing O b. None of the options O c. Short term financing d. Long term financing

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