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. Both banks offered 7% compound monthly for 6 years. You are required to guide Mr. Malik to evaluate and choose the better loan plan in accordance with his income and living. You have to find different information annuities plan from different banks. ii. Based on the policy differences, make a calculation on rate of compound interest for the premium fee. iii. Analyses the interest and total payment made by the borrower after the payment period ends. iv. You have to make an analysis then evaluate on comparison between interest and rate of annuities among those banks. v. Suggest which annuities policy's bank that gives advantages to the investor. Justify your decision. vi. Make an academic summary about 800 words (excluding tables and attachments). 3:26PM 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. Both banks offered 7% compound monthly for 6 years. You are required to guide Mr. Malik to evaluate and choose the better loan plan in accordance with his income and living. You have to find different information annuities plan from different banks. ii. Based on the policy differences, make a calculation on rate of compound interest for the premium fee. iii. Analyses the interest and total payment made by the borrower after the payment period ends. iv. You have to make an analysis then evaluate on comparison between interest and rate of annuities among those banks. v. Suggest which annuities policy's bank that gives advantages to the investor. Justify your decision. vi. Make an academic summary about 800 words (excluding tables and attachments). 3:26PM
