5) a. Suppose that you have a plan to pay RO 0592 as an annuity at the end of each month for 20 years in the Bank Muscat. If the Bank Muscat offer discount rate 2% compounded monthly, then compute the present value of an ordinary annuity. b. If you have funded RO (0592 x 2) at the rate of () % compounded quarterly as an annuity to charity organization at the end of each quarter year for 592 months, then compute the future value of an ordinary annuity.

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