What is the balance in mohammed account

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Reference no: EM132723288

Problem 1: Estimate the annual premium of an insurance policy with a face value of $125,000 for a 20-year old male for (a) a 10-year fixed rate policy and (b) a straight life policy. Also, find premium if paid monthly, quarterly and annually

Problem 2: Mohammed deposited RO 50,000 in a savings account at 9% interest compounded semi-annually. At the beginning of year 5, Mohammed deposited an additional RO 70,000 at 10% rate of interest compounded semi-annually. What is the balance in Mohammed's account after 7 years?

Reference no: EM132723288

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