Mr. Malik has received gratuity upon retirement in respect of long period of service from the company he works. The total amount of gratuity that he receives is RM 250000 . He intends to make investments in the form of annuities from the bank. Based on the situation, Mr. Malik brings two different pamphlets from different banks that Bank Amanah and Bank Berjaya. Bank Amanah offers Due Annuity with the schedule of interest compounded rate. Bank Berjaya offers Deferred Annuity with the schedule of interest compounded rate. You are required to guide Mr. Malik to evaluate and choose the better loan plan in accordance with his income and living. 800 words Mr. Malik has received gratuity upon retirement in respect of long period of service from the company he works. The total amount of gratuity that he receives is RM 250000 . He intends to make investments in the form of annuities from the bank. Based on the situation, Mr. Malik brings two different pamphlets from different banks that Bank Amanah and Bank Berjaya. Bank Amanah offers Due Annuity with the schedule of interest compounded rate. Bank Berjaya offers Deferred Annuity with the schedule of interest compounded rate. You are required to guide Mr. Malik to evaluate and choose the better loan plan in accordance with his income and living. 800 words