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b ) Compute the future values of your savings after 1 0 years based on the followings: i ) Deposit RM 1 , 2 0

b) Compute the future values of your savings after 10 years based on the followings:
i) Deposit RM1,200 at the end of each year in a financial institution which
pays an interest rate of 12% p.a. compound annually.
(3 marks)
ii) Deposit RM600 at the end of every 6 months in a financial institution which
pays an interest rate of 12% p.a. compound semi-annually.
(3 marks)
iii) Deposit RM300 at the end of every 3 months in a financial institution which
pays an interest rate of 12% p.a. compound quarterly.
(3 marks)
iv) Deposit RM100 at the end of every month in a financial institution which
pays an interest rate of 12% p.a. compound monthly.
(3 marks)
c) Discuss the compounding effects based on the outcomes you have computed for
part (b).
(3 marks)

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