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interest rates of banks below Am bank = 2.75% pa OCBC bank = 2.30% pa 1. find the future value of annuity for each bank
interest rates of banks below
QUESTION 2 Select any TWO commercial banks in Malaysia. Based on the saving account interest rates offered by the banks, calculate the future value of annuity of RM300,000 made at the beginning of every year for 10 years. Analyse and compare the effect of the interest rates offered by the banks on the total savings. [Total: 20 marks] Am bank = 2.75% pa
OCBC bank = 2.30% pa
1. find the future value of annuity for each bank .
2. comparison of the total savings between the two commercial banks .
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