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Ester plans to buy a used car, and plans to save MOP 100,000. She decides to choose Bank A, which pays a compound interest monthly
Ester plans to buy a used car, and plans to save MOP 100,000. She decides to choose Bank A, which pays a compound interest monthly at an annual interest rate of 3.6%. She plans to deposit a fixed amount of money into Bank A by the end of each month. If Ester plans to achieve her saving target by the end of 5 years, how much does she need to deposit into the bank every month (to the nearest dollar)? Select one: a. MOP 1667 b. MOP 1524 c. MOP 2000 d. MOP 1000 Ester's mother invested in stocks when Ester was born. From her initial investment of 10,000 MOP, after 20 years, the total value is now 20,000 MOP. The total return from her mother's initial investment is Select one: a. 1% b. 5% c. 200% O d. 100% The total annual percentage return of Ester's mother's investment is? Select one: a. 100% b. 5% c. 200% d. 1%
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