Question: Question 4: (20 points) A- A company borrowed $ 60,000 for renovation. The company plans to set up a sinking md that will pay back

Question 4: (20 points) A- A company borrowed $ 60,000 for renovation. The company plans to set up a sinking md that will pay back the loan at the end of 5 years. Assuming a rate of 12% compounded semiannually, nd the Sinking Fund of the ordinary annuity. (7 points) B- To fund his son's higher education, Abdullah decided to invest S 3,000 quarterly for 6 years in an ordinary annuity at 16%. What is the total cash value of the annuity at end of year 6? (7 points) (3- What must YOU invest today to receive an annuity of 5 4,500 for 10 years compounded at 8% quarterly when all withdrawals will be made at the end of each period? (6 points) (7 + 7 + 6= 20 marks)

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