There are three investors (Nasser, Yasser, Moataz, and Aiham) in Muscat, Oman, who prefer to each...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
There are three investors (Nasser, Yasser, Moataz, and Aiham) in Muscat, Oman, who prefer to each utilize different financial investment schemes to preserve or even grow the value of their money. Nasser utilizes an investment scheme referred to as option 1, Yasser utilizes option 2, and Moataz on the other hand utilizes option 3, while Aiham engages in option 4. Details of each of these options are presented below: In option 1, an amount of OMR 2,000 is invested quarterly for three years. A simple interest scheme is applied in which an interest rate of 8% applied monthly. In option 2, an amount of OMR 2,000 is invested quarterly for three years. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. In option 3, an amount of OMR 2,000 is invested bi-annually in the first year, then quarterly in the second year and then monthly in the third year. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. An amount is withdrawn mid-year in the first, second and third year. The amount withdrawn is 5%, 10%, and 15% respectively for the first, second, and third year. These percentages are applied to the total amount on the account at the end of the 5th month in each respective year. In option 4, an amount of OMR 2,000 is invested quarterly for three years. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. An amount is withdrawn mid-year in the first, second and third year. The amount withdrawn is 5%, 10%, and 15% respectively for the first, second, and third year. These percentages are applied to the total amount on the account at the end of the 5th month in each respective year. Make use of all of the information provided to meet the following requirements: a) Conduct analysis that helps you indicate how much Nasser and Yasser have at the end of each month for the three years? [10 Marks] b) Draw a graph that shows the two profiles, i.e., for Nasser and Yasser super-imposed for the three year period 15 Marks) three years. c) Perform computations to show how much Moataz and Aiham at the end of each month for the [15 Marks] There are three investors (Nasser, Yasser, Moataz, and Aiham) in Muscat, Oman, who prefer to each utilize different financial investment schemes to preserve or even grow the value of their money. Nasser utilizes an investment scheme referred to as option 1, Yasser utilizes option 2, and Moataz on the other hand utilizes option 3, while Aiham engages in option 4. Details of each of these options are presented below: In option 1, an amount of OMR 2,000 is invested quarterly for three years. A simple interest scheme is applied in which an interest rate of 8% applied monthly. In option 2, an amount of OMR 2,000 is invested quarterly for three years. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. In option 3, an amount of OMR 2,000 is invested bi-annually in the first year, then quarterly in the second year and then monthly in the third year. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. An amount is withdrawn mid-year in the first, second and third year. The amount withdrawn is 5%, 10%, and 15% respectively for the first, second, and third year. These percentages are applied to the total amount on the account at the end of the 5th month in each respective year. In option 4, an amount of OMR 2,000 is invested quarterly for three years. A compounding interest scheme is utilized in which an interest rate of 8% compounded monthly is applied. An amount is withdrawn mid-year in the first, second and third year. The amount withdrawn is 5%, 10%, and 15% respectively for the first, second, and third year. These percentages are applied to the total amount on the account at the end of the 5th month in each respective year. Make use of all of the information provided to meet the following requirements: a) Conduct analysis that helps you indicate how much Nasser and Yasser have at the end of each month for the three years? [10 Marks] b) Draw a graph that shows the two profiles, i.e., for Nasser and Yasser super-imposed for the three year period 15 Marks) three years. c) Perform computations to show how much Moataz and Aiham at the end of each month for the [15 Marks]
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Grant may get a bonus next year of $150,000 if he achieves the greatest number of house sales in his employer's real estate business. If he comes second he will only get a bonus of $50,000 and if he...
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
write a abstract on this paper ? Introduction Governments require money to run their operations and pay civil servants who ensure that services to the population are delivered. The money that states...
-
For the following project please follow the below guidelines unless otherwise stated by your instructor. Worth 20% of the total grade. Read and follow all instructions in order to receive full...
-
This year, Soya Partnership disposed of only one operating asset and recognized a $22,000 loss on the disposition. Why must Soya report this net Section 1231 loss as a separately stated item rather...
-
An airplane has a mass of 25 Mg and its engines develop a total thrust of 40 kN during take-off. If the drag D exerted on the plane has a magnitude D = 2.25v2, where v is expressed in meters per...
-
The following annual account balances are taken from Next Level Sports at December 31: What is the change in the number of days sales uncollected between years 2005 and 2004? According to this...
-
The following transactions of Happy Music Company occurred during 2012 and 2013: Requirement 1. Record the transactions in Happy Music Companys journal. Explanations are notrequired. 2012 Purchased a...
-
What is the profit impact if RBC pays a $15 sales commision per bike sold ind paying salespersons flat salaries that currently total $6,000 per month, and mos unit sales from 500 to 575 RBC has an...
-
Looking for cost savings in administrative areas, the vice-president for human resources at McMahon Corporation asked his assistant to collect data on the employee cafeterias in the four McMahon...
-
Un Company sold office equipment with a cost of $35,060 and accumulated depreciation of $31,058 for $6,210. Required a. What is the book value of the asset at the time of sale? b. What is the amount...
-
The Payroll Department provided the following information about payroll cost and deductions for an employee earning $5,000 per month. CPP: $120 each (employees and employer) EI: ($150 re employees,...
-
What are some beneficial trends you think will affect health psychology in the future? What are some detrimental trends you think will affect health psychology in the future?
-
How do cultural memory studies illuminate the processes of collective remembering and forgetting, as well as the construction of historical narratives and identities within diverse cultural contexts ?
-
what ways does cultural capital operate as a form of symbolic power that confers social status, distinction, and advantage in fields such as education, the arts, and the media ?
-
Can someone explain to me why the Accounts Payable answer would be wrong? All the totals are correct (even the column totals for Debit & Credit, yet the Accounts Payable amount is counted wrong. I...
-
What kind of rays are X-rays?
-
Tektronix, Inc., an Oregon-based MNE, manufactures scientific instruments. Jerry Davies, Treasurer, needs to choose an instrument to hedge a \( 2,000,000\) sale to Siemens in Germany, with payment...
-
Call Options on British Pounds (Option.xls) The set of assumptions used throughout the second half of this chapter assumed a spot rate of \(\$ 1.70 / \), a 90 -day maturity, U.S. dollar and British...
-
Jos Ballini is a currency trader and speculator for Bozano Simonsen, one of the largest investment banking firms in So Paulo. The current spot rate is \(\mathrm{R} \$ 1.7800 / \$\), and the 360 -day...
Study smarter with the SolutionInn App