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(c) Puan Aishah plan to send her new born daughter to a university for her higher education in the future. She started now to deposit
(c) Puan Aishah plan to send her new born daughter to a university for her higher education in the future. She started now to deposit RM1200 every quarter in a AMANAH WAWASAN unit trust account with annual interest rate of 8% for 10 years. What will be the total amount of cash that she can withdraw from the savings account when her daughter reaches the university enrolment age of 18 years old? (5 marks] Mr Munawir has a RM550 monthly car payment, which is based on 6% annual interest, compounded monthly. (d) (0) Determine the price of the car if it was financed for 7 years and a down payment of RM4,000 was [4 marks] If Mr Munawir had already made 50 payments, determine how much (i) Page 9 of 10 COEB 442, Semester 2, 2019/2020 Makeup will it take to pay off the entire remaining loan balance thus settling his car loan payment. [4 marks]
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