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6 . A business worth RM 1 2 5 , 0 0 0 is expected to grow at 3 % per year compounded annually for

6. A business worth RM125,000 is expected to grow at 3%per year compounded annually for
the next 2 years. If funds from the sale of the business today wouuld be placed in an account
yielding 4% compounded semiannually, what would be the minimum aacceptable price for the
business at this time?
7. Ahmad Contracting Company signed a note with a paymentof RM19,575 per quarter for 3
years. Find the amount they must set aside today to satisfy this captal requirement in an
account earning 10% compounded quarterly.
8. Chempaka owes her father RM55,000 for the purchase ofa property. Find the required
monthly payment into a sinking fund if Chempaka pays off the loan in 3 yeaars and the interest
rate is 12% per year compounded monthly.
9. Maria needs RM9,899 to pay for remodeling work. Her bank Iloans money at a discount rate
of 7% for 200 days. Find the face value of a loan so he will haave RM9,899

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