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l (a) If RMIWO is deposited now into a saving accounts that earn 3% per year. what (bl uniform annual amount could be withdrawn at

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l (a) If RMIWO is deposited now into a saving accounts that earn 3% per year. what (bl uniform annual amount could be withdrawn at the end of each year for 10 years. Assume nothing would he left in the account after the 10 withdrawals. (3 marks} An investment of mum can be made in a project that will produce a uniform annual revenue of RMT.3 10 for seven years and then have a market (salvage) value of RMDt]. Expenses will he RABJEIO in second year and RM2,0I]0 in third year. Second investment of RM4, 000 in fth years was made to increase the project operation. The company is willing to accept any project that wit] earn 10% per veer or more before incomes. taxes, on all invested capital. Show whether this is desirable investment by using the Present Worth method. [T marks)

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