a) With a 7% discount rate, determine the value on 1 January 2023 of the following cash flows: Date Cash Received 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 January 2028 Amount of Cash (RM) 14,000 20,000 30,000 43,000 57,000 (6 marks) b) Ravindran has been depositing money at the end of each year into an account drawing 6.5% compound interest per annum. Calculate the balance in the account at the end of year four if he deposited the following amounts: End of Year Deposit RM350 RM500 Year 1 2 3 RM725 4 RM400 (5 marks)