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A. Syirah must have RM30 200 in order to buy a piece of vacant land. She plans to save RM1 500 per year in her
A. Syirah must have RM30 200 in order to buy a piece of vacant land. She plans to save RM1 500 per year in her saving account with Amanah Bank that pays 12% interest rate compounded semi-annually. If she save for 15 years, will she be able to buy the land? B. Hazman borrows RM24 00Q in the form of education loan from Bijak Bank. The payment are to be made in instalment basis at the end of year. The tenure of the loan is for 5 years at an interest rate of 10% per annum. Determine the amount that Hazman will have to pay each year for 5 years. C. Marina wants to borrow RM20,Q0Q as down payment for her RM200,000 apartments. The bank is going to charge her 12% interest annually and she is required to pavback the loan in 10 years. If interest is compounded annually, calculate Marina's yearly instalment. D. Encik Rambl's retirement is approaching and he was given a few alternatives to consider as below. Determine the best alternative that he should choose given cost of capital of 10%. i. A lump sum money of RM350, 200 . ii. RM20,Q0Q every end of year for 10 years, and RM30,000 every end of year, for the next 6 years. iii. RM150,20Q now and RM27,000 to be given equally over the end of the next 10 years. iv. RM100,000 at end of year for 3 years and RM60,000 on the last year
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