Alex has a lump sum of RM5,000 cash. he decided to invest the money in a unit trust with annual dividend of 6%. Immediately after graduation, he was hired as Design Engineer at a multinational company with a salary of RM3,500 monthly. 60% of the salary is used for her daily expenses such as rental, utilities, transportation, entertainment, etc. The balance of her salary is invested in the unit trust. He is planning his finances to make the following purchases:

Purchase #1) To buy a car that costs RM40,000 one year after she started working. The current market requires her to pay 10% of the car and put the remaining balance in a loan with interest rate of 1.9% compounded annually for 7 years. The deposit will be taken from her saving in the unit trust.

Purchase #2) To buy an apartment 3 years after she started working that costs RM200,000. Deposit is not required but he still needs RM10,000 from her saving to furnish the unit.

Based on these circumstances, answer the following questions:

a) Define the cash-flow diagram for Alexs financial situation and plans.

b) What is Alexs monthly payment for her car? How much does this impact his monthly saving in the unit trust towards his goal to buy the condominium?

c) For his apartment purchase, Alex is considering the duration of the loan should not be more than 30 years and still have some monthly saving for rainy days. What is the interest rate that bank should offer for Alex to achieve this?

d) Revise the cash-flow diagram until year 7. Do you think Alex's plan is feasible? Justify your answer and give some suggestions.