Q!- Ahmed has two payment plans to buy a car Payment plan 1: pay AED 135,000...
Q!- Ahmed has two payment plans to buy
a car
Payment plan 1: pay AED 135,000 cash now
Payment plan 2: pay AED 25,000 now, AED 50,000 in
one year, and AED 85,000 in three years.
Interest is 10% compounded annually.
Which payment plan should Ahmed choose? Explain why.
Q2-You bank statement shows a current balance of AED 100,000 as a result of a single deposit made 10 years previously. Over this period the interest rate has been 5%. How much was the original deposit?
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Q!- Ahmed has two payment plans to buy a car Payment plan 1: pay AED 135,000...
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