Daisy want to be able to withdraw RM8,000 at the end of five years and withdraw RM10,000 at the end of eight years, leaving a zero balance in the account after the last withdrawal. If she can earn 10 percent on her balances, calculate how much Daisy need to deposit today to satisfy her withdrawal needs.

(b) Jasmine just graduated from university. She was lucky to get paid for dropship she did during her study in the past four years. Her pays were as follow: Year 1 RM 12000, Year 2 RM14500, Year 3, RM 11200 and Year 4 RM 16900. She has saved the money in a fixed deposit account which pays 6 percent interest compounded monthly. Calculate Jasmines account balance after the last deposit.