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202 EF Immersive Reader Open in Desktop App e Print b. You invest RM1,500 the investment company will pay you RM400 at the end of
202 EF Immersive Reader Open in Desktop App e Print b. You invest RM1,500 the investment company will pay you RM400 at the end of each year for the next 4 years. Currently, you earn 3% on your bank saving account. Will you withdraw your money in the bank to make the investment? Show your workings using Excel's IRR function and NPV function. A Year 0 11 12 13 14 1 B Cash Flow (1,500) 400 400 400 400 2 3 15 4 16 17 18 19 20 21 Interest rate 3% Using Excel's NPV function Using Excel's IRR function (8 marks) [10 marks] END OF QUESTIONS
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