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Alex is planning for retir.. and is considering two annuity options:Annuity A , which pays RM 1 , 5 0 0 every quarter, and Annuity

Alex is planning for retir.. and is considering two annuity options:Annuity A, which pays RM1,500 every quarter, and Annuity B, which pays RM6,000 annually. Both annuities offer a fixed interest rate of 4% per annum, compounded quarterly. Alex intends to invest in one of these annuities for a period of 10 years.1. Calculate the future value of both Annuity A and Annuity B after 10 years.2. Analyze and explain the impact of the payment frequency on the future value of the annuities, considering the quarterly compounding of interest.3. If Alex decides to extend theinvestment period to 15 years, recalculate the future value for both annuities and discuss how the extended time horizon affects the overall returns.

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