11. Suppose you are still committed to owning a RM 170,000 Ferrari. If you believe your mutual fund can achieve a 12 percent annual rate of return and you want to buy the car in 9 years on the day you turn 30, how much you invest today? 12. You are scheduled to receive RM 20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent per year. How much will you have in eight years? 13. 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? 14. The present value of RM 1,000 to be received at the end of five years, if the discount rate is 10 percent, is: 15. Bobby's grandmother deposited RM 100 in a savings account for him when he was born. The money has been earning an annual rate of 12% interest, compounded quarterly for the last 21 years. He is getting married and would like to take his new bride on a fabulous honeymoon. How much does he have in this account to use