$1.$ You invested RM$13,000$ to save for future business ventures, by placing it into an account that pays $3\mathrm{.}8\%$ p$.$a$.$ for the next $10$ years.

$2.$ You invested RM$13,000$ to save for future business ventures, by placing it into an account that pays $3\mathrm{.}8\%$ p$.$a$.,$ and the account pays an interest on monthly basis for the next $10$ years.

$3.$You wished to accumulate RM$50,000$ in $6$ years. The fund is placed into an account with return of $4\mathrm{.}1\%$ p$.$a$.$ How much that you need to start saving today?

$4.$You wished to accumulate RM$50,000$ in $6$ years. You parents gave you RM$10,000$ and you are placing it into an account that pays semi$-$annual rate. How much is the annual rate of return should you placed you fund into?

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$5.$You wished to accumulate RM$50,000$ in $6$ years. You parents gave you RM$10,000.$ An an interest of $3\mathrm{.}76\%,$ quarterly, how long does it takes for the fund to be accumulated?

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$6.$At what rate must RM$400$ be compounded annually for it to grow to RM$716\mathrm{.}40$ in $10$ years?

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$7.$A friend plans to buy a big$-$screen TV$/$entertainment system and can afford to set aside RM$1,320$ toward the purchase today. If your friend can earn $5\mathrm{.}0\%,$ compounded yearly, how much can your friend spend in four years on the purchase?

$8.$You just purchased a parcel of land for RM$10,000.$ If you expect a $12\%$ annual rate of return on your investment, how much will you sell the land for in $10$ years?

$9.$If you put RM$6,000$ in a savings account that yields an $1\%$ rate of interest compounded daily, what will the investment be worth at the end of $20$ years?

$10.$Dawn Swift discovered that $20$ years ago, the average tuition for one year at an Ivy League school was RM$15,000.$ Today, the average cost is RM$60,000.$ What is the growth rate in tuition cost over this $20-$year period?

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$11.$Your bank has agreed to loan you RM$3,000$ if you agree to pay a lump sum of RM$5,775$ in five years. What annual rate of interest will you be paying?

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$12.$Three years from now, Barbara Waters will purchase a laptop computer that will cost RM$2,250.$ Assume that Barbara can earn $6\mathrm{.}25\%($compounded monthly$)$ on her money. How much should she set aside today for the purchase?

$13.$Stephen's grandmother deposited RM$100$ in an investment account for him when he was born, $25$ years ago. The account is now worth RM$1,500.$ What was the average rate of return on the account?

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$14.$The present value of a future sum of money increases as the number of years before the payment is received increases.

True

False

$15.$Assuming equal annual rates, the more frequent the compounding periods in a year, the higher the future value.

True

False