1) RM250 is deposited every three months for 12 months at 6% compounded monthly.

a) Calculate the future value of this annuity

b) caculate the interest earned

2) Amy has to pay RM200 every 2 months for 4 years to settle a loan at 6% compounded semi-annually.

a) calculate the original value of the loan

b) calculate the total interest that she has to pay

3) A loan of RM 2000 at 12% compounded monthly is to be amortized by 12 monthly payments.

a) calculate the monthly payment

b) construct an amortization schedule

4) Anthony wins an annuity that pays RM500 at the end of every three months for three years. If the money is worth 8% per annum continuous compounding, find

a) the future value of this annuity at the end of three years

b) the present value of this annuity