question 1

Remaining Time: 13 minutes, 46 seconds. question Completion Status: QUESTION 1 You, as a University of Bahrain Business School student plan to make a series of deposits in an interest-bearing account at National Bank of Bahrain (NB8) for the future. You will deposit at the end of each year, BHD 14,775, BHD 61,712, BHD 70,671, BHD 48,288 and BHD 71,056 respectively, if the interest rate is 10%, how much will you have after 5 years? QUESTION 2 You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1.226 and agree to pay back $1.880 in 3 years. Alternatively, you could borrow from your bank that is charging 6.5 percent interest annually. Should you go with your unde or the bank? Cat Sunand Sabunt to save and submit Clieksme All Answers to save all'ann