Reference no: EM13763837
Fatimah and Ahmad wants you to do some research of three UAE banks on the internet to find the following information for them, so that they can choose the best Bank to invest, saving or take a loan.
1. What kinds of Checking accounts do they offer, and what are the minimum balance requirements for each account?
2. What kind of savings accounts do they offer, and what are the minimum balance requirements for each account?
3. What are their Overdraft Protection fees?
4. What are the maintenance fees for each account?
5. Find the interest rates for savings accounts at a bank and calculate the following interest when you deposit $1,000 initially:
6. Simple interest on the account after 5 years with an initial deposit of $1,000.
7. The compound interest on the account after 5 years compounded quarterly.
8. The compound interest on the account after 5 years compounded semi-annually.
9. The compound interest on the account after 5 years compounded annually.
10. Find the future value of a periodic investment using the above interest rate, if you deposit $200 every month for 5 years.
11. Find the future value of a single investment using the above interest rate, if you deposit $5,000 dollars after 10 years.
12. Find how much you would need to deposit every month to get $50,000 in your savings account after 20 years.
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: Fatimah and Ahmad wants you to do some research of three UAE banks on the internet to find the following information for them, so that they can choose the best Bank to invest, saving or take a loan. What kinds of Checking accounts do they offer, and ..
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New plant and equipment to actually produce the widgets
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