Problem # 7: (4 Marks)

Mr. Ahmad owes $5700 due in 4 years and $8500 due in 7 years. He and his creditor agreed to settle the debts by 2 equal payments one in 5 years and the other in 10 years. Find the size of each payment if money is worth 6% compounded semi- annually?

Problem # 8: (4 Marks)

A man borrowed Afs 150000 at 6% compounded six-monthly for a period of 6 years. If he pays Afs 50000 at the end of 2 years and Afs 80000 at the end of 4 years, what amount he will have to pay finally to settle the debt after the expiry of the term of the debt? How much total Interest he will pay?

Problem # 9: (3 Marks)

A Man deposited $1500 in a bank at the end of each quarter for 5 years. If the interest rate be 8% compounded quarterly, what total amount would he receive after the end of 5 years? How much will he get as interest?

Problem # 10: (3 Marks)

A father deposited Afs 8000 when his son was two-years-old and continued to deposit Afs 8000 each year thereafter until his son was fifteen years old, when the last deposit was made. The bank paid 8% interest compounded annually. If the money was allowed to accumulate until it was presented to the son on his twentieth birthday, how much the son receive?

Problem # 11: (3 Marks)

A company wants to invest $4,500 every six months for three years to purchase a delivery truck. The investment will be compounded at an annual interest rate of 12% per annum. The initial investment will be made now, and thereafter, at the beginning of every six months. What is the future value of the cash flow payments?

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