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On her thirty-first birthday, Alina invests RM1,000 into her employer's retirement plan, and she continues to make annual RM1,000 payments for 10 years. So,
On her thirty-first birthday, Alina invests RM1,000 into her employer's retirement plan, and she continues to make annual RM1,000 payments for 10 years. So, her total contribution (principal) is RM10,000. Alina then stops making payments into her plan and keeps her money in the savings plan untouched for 25 more years. Din starts putting money aside on his forty- first birthday when he deposits RM1,000 and he continues these payments until he gets to be 65 years old. Din's contributed principal amounts to RM25,000 over this period of time. TASK: Based on the selection, i) ii) 111) Tabulate their retirement plan in a table. Compare Alina and Din's retirement plans until they reach 65 years old if earn interest is 6% per year end. Use the equivalent worth; Present Worth (PW) and Future Worth (FW) as a basic information in your judgment. Present the financial data in a cash flow diagram.
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