Question
(i) You deposit RM3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end
(i) You deposit RM3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end of that time?
(ii)What is the present value of a 4 years annuity, if the annual interest is 5 percent, and the annual payment is RM1,000?
(iii)Farid invested RM10,000 today in a fund that earns 8 percent compounded annually. How much his investment will grow in 3 years
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
