1. How long would it take an investment to grow five-fold if it were invested at 8 percent compounded quarterly?
2. You have an opportunity to make an investment that will pay RM100 at the end of the first year, RM400 at the end of the second year, at the end of third year and at the end of fourth year and RM300 at the end of the fifth year. Find the present value if the interest rate is 8 percent.