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A Shahren has RM70,000 in debt outstanding with interest payable at 10 percent annual. If Shahren intends to pay off the loan through 7 years
A Shahren has RM70,000 in debt outstanding with interest payable at 10 percent annual. If Shahren intends to pay off the loan through 7 years of interest and principal payment, how much should he pay annually? B. What is the difference in amount accumulated between a RM50,000 sum with 10 percent interest compounded annually and one compounded monthly over a one- year period? C. What is the difference in future value between savings in which RM5,000 is deposited each year at the beginning of the period and the same amount deposited at the end of the period? Assume an interest rate of 5 percent and that both are due at the end of 20 years. D. Adam placed RM4,000 a year into an investment returning 16 percent a year for his son's college education. He started when his son was 4. How much did he accumulate by his son 20th birthday E. What is the present value of a RM44,000 sum to be given 2 years from now if the discount rate is 6 percent? F. What is the value of an investment of RM21,000 that will earn interest at 5 percent and fall due in 6 years
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