you deposit OMR 8141 in your account in a bank.Suppose the bank pays 8% compound interest halfyearly. Calculate future value of your moneyIfin 5years.Select one:O a. 11961.57O b. All the given choices are not correctO c. 12050.63O d. 9904.75O e. 17575.60

Given information: Deposit (Present value) : OMR 8141 Rate of interest : 8% Time Period : 5 years…

Answered: If you deposit OMR 8141 in your account…

If you deposit OMR 8141 in your account in a bank. Suppose the bank pays 8% compound interest half yearly. Calculate future value of your money in 5 years.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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Question

you deposit OMR 8141 in your account in a bank.
Suppose the bank pays 8% compound interest half
yearly. Calculate future value of your money
If
in 5
years.
Select one:
O a. 11961.57
O b. All the given choices are not correct
O c. 12050.63
O d. 9904.75
O e. 17575.60

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