Question: Question 3 - Learning Goal #3 (04 degrees) : 1- If you want to withdraw 5000 riyals after 5 years and 6000 riyals after 6

Question 3 - Learning Goal #3 (04 degrees):

1- If you want to withdraw 5000 riyals after 5 years and 6000 riyals after 6 years leaving a balance in the bank equal to zero (0), and the interest rate is 5%, how much should you deposit today to meet your withdrawals?

2- If you deposit 17,000 riyals at the beginning of each year and for 10 years at a rate of 7%, and then you let the funds invest for another 5 years at an interest rate of 9% per annum, how much will you get at the end of the year 15?

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