2. a) An EPF account has RM20,000 in it and the owner decides not to add any money into the account other than the interest that earned at 6% compounded daily. How much will be in the account 35 years from now when the owner reached retirement age? [7 marks] b) If the interest earned at 6% compounded quarterly, would you be earning more or less than the answer obtained from 2(a)? How much then? [6 marks]