1. A debt of RM30,000 is due in two years and another RM40,000 in five years. If the debtor wants to settle these two debts by making a single payment after three years, what is this single payment, assuming money is worth 8% compounded annually?
2. Harold has two debts, RM5000 due in two years and another RM3000 due in four years. If Harold wishes to settle the two debts 3 1/2 years from now, find this single payment if money is worth 8% compounded quarterly.
3. Albert invested RM20,000 in an account that pays 12% compounded monthly. This investment will be given to his four children when they reach 20 years old. Now his four children are 12, 16, 17, and 19 years old. If all his four children will receive equal amounts, find the amount each will receive.