FIN201 HW#1 QI: Assume further that Ali wants to determine the most it should pay to purchase a particular ordinary annu

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Fin201 Hw 1 Qi Assume Further That Ali Wants To Determine The Most It Should Pay To Purchase A Particular Ordinary Annu 1 (14.12 KiB) Viewed 36 times

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FIN201 HW#1 QI: Assume further that Ali wants to determine the most it should pay to purchase a particular ordinary annuity. The annuity consists of cash flows of 5000 SR at the end of each year for 8 years. Ali requires the annuity to provide a minimum return of 9%. Formula: Financial table:
Q2: Sami's parents would like to have 190,000 SR when they retire in 8years. How much should they invest today, at interest rate of 5%? Formula: Financial table:
Q3: sara wishes to determine how much money she will have at the end of 9 years if he chooses to deposit SR1000 annually, at the end of each of the next 8 years, into a savings account paying 5% annual interest. Formula: Financial table:
Q4: Hany places 500 SR in a savings account paying 5% interest compounded annually. He wants to know how much money will be in the account at the end of 5 years. Formula: Financial table: