(i)Alex wishes to have RM3,000 available to buy a car in 4 years. How much should he invest in a savings account now so that he will be able to do this? The bank pays 10 percent interest compounded quarterly

(ii) an executive wants to invest a lump sum today that will provide RM7,500 per year for 15 years for his wife. If the investment earns 8 percent compounded annually, how much should he invest?(

(iii)You currently receive RM10,000 per year on a contract. You expect it to run another 7 years. Someone wants to buy the contract from you. If you can earn 12 percent on other investments of this quality, how much would you be willing to sell the contract for?