Identify the future and present value of the question below: 1. Ahmad borrow RM15,000 to purchase a boat. The interest rate is 11 percent compounded monthly, and the term of the loan is 3 years. What are the monthly payments? 2. To pay for your childs education, you wish to have accumulated RM30,000 at the end of 15 years. To do this, you plan on depositing an equal amount into the bank at the end of each year. If the bank is willing to pay 6 percent compounded annually, how much must you deposit each year to reach your goal?