(1) You want to go to Europe 5 years from now, and you can save RM3.100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5 th deposit, 5 years from now? a. RM18,369 b. RM19,287 c. RM20,251 d. RM21,264 (2) Your aunt is about to retire, and she wants to sell some of her stock and buy an annutit that will provide her with income of RM50,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? a. RM574,924 b. RM605,183 c. RM635,442 d. RM667,214 (3) You plan to invest in bonds that pay 6.0%, compounded annually. If you invest RM10,000 today, how many years will it take for your investment to grow to RM30,000? a. 13.74 b. 15.27 c. 16.97 d. 18.85 (4) Your uncle has RM375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account? a. RM30,361.46 b. RM31,959.43 c. RM33,641.50 d. RM35,323.58 (5) What's the future value of RM1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? a. RM1,915 b. RM2,016 c. RM2,117 d. RM2,223