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$0 1472:19 19. If you put RM2,000 in a savings account that yields 8% compounded semi-annually, how much money will you have in the account
$0 1472:19 19. If you put RM2,000 in a savings account that yields 8% compounded semi-annually, how much money will you have in the account in 20 years? A. RM6,789 B. RM8,342 C. RM9,602 D RM9,972 20. How much would an investor willing to pay today for an investment that giving RM1,000 every end of the year for five years, if he/she expected to earn 10% annual return? A. RM1,000 B. RM3,791 C. RM5,000 D. RM7,700 >> 6 of 8 17. Benny deposited RM9,000 in a bank account, and 10 years later he closes out the account, which is worth RM18,000. What annual rate of interest has he earned over the 10 years? A. 6.45% B. 7.18% C. 9.10% D. 10.0% 18. Your daughter is born today and you want her to be a millionaire by the time she is 35 years old. You open an investment account that promises to pay 12% per year. How much money must you deposit each year, starting on her 1st birthday and ending on her 35th birthday, so your daughter will have RM1,000,000 by her 35th birthday? A. RM2,317 B. RM3,455 C. RM5,777 D. RM9,450
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