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1. Find the futures value of RM70,000 deposit in the bank for ten years if the interest rate to be earned is 5% pe annum.

1. Find the futures value of RM70,000 deposit in the bank for ten years if the interest rate to be earned is 5% pe annum. (2 marks)

2. Alice deposits RM2,500 in a saving account that compound semi-annually. Calculate how much will Alice earned at the end of 8 years if cost of capital is 4 percent per annum. (3 marks)

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