1) If Ms Chan is thinking of putting RM10,000 into the saving accounts at the end of each year for 10 years, what sum can she accumulate at an interest rate of 8% interest computed on a yearly basis?

2) A motor vehicle which costs RM20,000 was bought on credit terms, with payment of 10% as deposit to be made immediately and the balance to be paid in one lump sum 6 months later. (i) Calculate the total amount of interest expense if the compound interest rate is 2% per month. (ii) With loan amortization schedule, show the total amount be paid for the vehicle.