PART A (100 MARKS) Answer ALL questions. QUESTION 1 (25 MARKS) a) With a 9% discount rato, determine the value on 1/113 of the following cash flows: Date Cash Received Amount of Cash 1/1/14 BIM 14 0 1/1/15 RM20,000 1/1/16 RM30.000 1/1/17 RM43.000 1/1/18 RM57.000 Round your answer to the nearest RM10). (6 marks) b) You have been depositing money at the end of each year into an account drawing 8.5% interest Calculate the balance in the account at the end of year fout if you deposited the following amounts. Year 1 2 3 4 End of Year Deposit RM350 RM500 RM725 RM400 (5 marks c) You invest RM1.500 at a variable rate of interest. Initially the rate is 4% compounded annually for the first year, and the rate increases one-half of one percent annually for five years (year two's rate is 4,5%. year three's rate is 50% etc.). Compute how much will you have in the account after five years (3 marks HOMBA Bank is offering you a loan at 10% payments on the loan are to be made monthly. AMBA Bank is offering you a loan where payments are to be made semiannually, the rate on the loan is also 10%. CIMB Bank is also offering a loan at 10s where the payments are made quarterly. Justity which toan has the lowest annual cost (5 marks) .) A retirement home in Penang costs RM2.000.000 today. Housing prices in Penang are increasing at a rato of 45. per year. Joe wants to buy the home in 8 years when he retres. Joe has RM250,000 right now in a savings account paying 8% interest per year. Joe wants to make eight equal annual deposits into the savings account starting today. Calculate how much must each deposit be so Joe will have enough money in his savings account to buy the retirement home when he retires 16 marks)