d. e. Mariam has bought a machine. She estimates that the software of the machine will have to be renewed at a cost of RM21,000 after 10 years. To cover these costs, she intends to save an equal amount of money at the end of each year, earning 4% annual interest rate. How much is such a yearly annuity? (4 marks) A Malaysia investor invests in the automotive sector, expecting to gain RM44,500 after five years. Based on a careful research of other investment alternatives, he believes that a 14% annual return compounded semi-annually is a reasonable return to his investment. How much should he pay for it today? (5 marks) (Total: 30 marks)