Question
11.Raziah need RM5,000 for her son in 9 years, how much must she deposits in her bank at the end of each year at 12%
11.Raziah need RM5,000 for her son in 9 years, how much must she deposits in her bank at the end of each year at 12% interest to get RM20,000 at the end of nine years.
Select one:
a.RM318.348
b.RM993.151
c.RM353.631
d.RM338.409
12.What is the future value annuity due of RM32,000 for the next 10 years with a discount rate of 8%?
Select one:
a.RM415,879.09
b.RM500,636.16
c.RM413,790.89
d.RM413,090.78
13.What is the future value annuity due of RM34,560 for the next 10 years with a discount rate of 12%?
Select one:
a.RM415,879.901
b.RM413,090.678
c.RM413,790.456
d.RM679,233.945
14.What is the present value annuity due of RM2,000 with a 10 percent discount rate for 10 years?
Select one:
a.RM14,093.15
b.RM27,126.590
c.RM13,518.12
d.RM18,318.345
15.What is the present value annuity due of RM4,500 with a 6 percent discount rate for 5 years?
Select one:
a.RM24,126.590
b.RM24,318.345
c.RM24,165.790
d.RM20,093.15
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started