how much will i save with saving shemes i invented on my own?

Question

I have three saving schemes i invented on my own. i have a grand plan of 5 years.
project A: itook an investement policy with an insuarance
i was told i will be paying sh 1481 every month for 5 years.that will be my total investement. in return i will paid as follows.
(a)5000 at each chrismas.
(b) on maturity of the policy i will be paid my total investment plus
7.5%x50000x5. project B: I will open an account with a bank. on the first day i deposit a shilling,second day 2 sh third day 3 shilling. this trend coninues for 365 days. each new day i deposite one more sh than yesterday untill the end of year with a final deposit of sh 365. in the second to fifth years i repeat the process again starting with one shilling again. project C: i open achildren accounts and deposite sh 100 every day for five years. if i channel all this monies from projects a,b and c to one final account. How much money will i have in that account at the end of the five years?

Answer 1

You will make 132610 from plan A , 333975 from plan B and 182500 from plan C for a grand total of 649085 after five years. You dont mention interest rate on the savings deposits so it appears that the best investment is the insurance policy in terms of earnings.

Answer 2

The great inventor should also be able to work out the figures!

Answer 3

Before or after you pay taxes?

Doug