Question 1# Omar borrows AED 7,000,000 to be repaid over 5 years at 5 %. a) Calculate the total interest paid. b) How much interest paid until the second year? c) Calculate Omar's ending balance of the second year Question 2# Determine the amount of money in a savings account at the end of six years, given an initial deposit of AED 30,000 and a second deposit of AED 10,000 two years later at 12 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly. Question 3# Omega Corp. expects to receive AED 80,000 per year for 12 years and AED 10,500 per year for the next 8 years. What is the present value of this 20 year cash flow? Use an 8% discount rate. Question 4# Maryam will receive the following payments at the end of the next four years: AED 20,000, AED 30,000, AED 50,000 and AED 55,000. Then from the end of the fourth year through the end of the eleventh year, she will receive an annuity of AED 70,000. At a discount rate of 8 percent, what is the present value of all future benefits