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7) Jun has a trust fund with a balance of RM 50,000 that earns 6% annually. She wants to make equal withdrawals at the end

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7) Jun has a trust fund with a balance of RM 50,000 that earns 6% annually. She wants to make equal withdrawals at the end of the next 5 years so that the balance is zero when the last withdrawal is made. How much should be each withdrawal? 8) You are offered RM 2,500 today, RM10, 000 in 12 years, or RM 25,000 in 25 years. Assuming that you can earn 10% on your money, which should you choose

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