Question

A linear gradient payment series is where a borrower pays back a loan over Nyears with a increase of each payment period So,
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Answer #1

i = 9%, n = 12, G = 140

Future worth of account = 140 * (F/G, 9%, 12)

= 140 * 90.452442

= 12663.34 ~ 12663 (Nearest SAR)

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