QUESTION 1Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 8?QUESTION 2Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years.QUESTION 3If you deposit today $7,335 in an account for 6 years and at the end accumulate $10,885, how much compound interest rate (rateof return) you earned on this investment ?QUESTION 4You will deposit 12,025 at 10% simple interest rate for 9 years, and then move the amount you would receive to an investmentaccount at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?

An interest rate is the amount of interest due per period, as a proportion of the amount lent,…

Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 87 QUESTION 2 Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years.

Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 87 QUESTION 2 Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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