(a) After you graduate from Monash, you want to go to the Maldives for a vacation. You estimate that for this vacation, you need RM10,000. You want this vacation to happen in 4 years, and you can make a regular deposit of RM2,000 at the end of each year into fixed deposits that pay 10% annually. Will you have enough to cover your vacation expenses?

(b) would the outcome be different if you deposit your savings at the beginning of each year?

(c) how much would you have to save at the end of each year if your parents tell you that they are willing to finance one-quarter of your vacation expenses?