Jason would like to receive an annuity of RM5,000 semiannually for 10 years after he retires. He will retire in 18 years. Money is worth 6%. compounded semiannually.

a) Calculate the amount of money Jason would have when he retires in order to finance this annuity.

b) Determine the single deposit made now that would provide the funds for the annuity.

c) Compute the amount that Jason will actually receive in payments from the annuity.

d) Compute the interest that the single deposit earns before the annuity ends.

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