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a ) Pn Nasibah plans to retire and buy a house in Alor Star, Kedah. She has found a house which she intends to buy,

a)Pn Nasibah plans to retire and buy a house in Alor Star, Kedah. She has found a house which she intends to buy, the price of the house currently is RM150000. The house value is expected to increase at a rate of 5% annually.
Pn Nasibah plans to save her money and buy the house. Assuming she can earn 10% annually on her investments, how much must she invest at the end of each year for the next 20 years to be able to buy her dream house when she retires. b) Ashira place R25000 in a saving account paying an annual compound interest of 8% for 3 years. After 3 years she then moves it into a saving account that pays 10% interest compounded annually. How much will her money grow at the end of 6 years. (5 Marks)
c. Kak Ton is saving for her child education. She plan to deposit RM 500 beginning of the year for the next 5 years in a bank that is giving 6% interest. Calculate the amount will Kak Ton accumulate at the end of 5 years. (5 Marks)

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