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Please answer as soon as possible. Need help with this. Subject Name: Finance has shortlisted her choices to the following fixed deposits: i) Hong Leong
Please answer as soon as possible. Need help with this.
Subject Name: Finance
has shortlisted her choices to the following fixed deposits: i) Hong Leong Bank eFixed Deposit ii) Ambank Conventional Fixed Deposit You are required to: 1) Calculate her fixed deposits account balance after 4 years in both banks based on the following conditions: a. If she deposits RM15,000 today. [4 marks] b. If she deposits RM5,000 today and RM5,000 for the following next 2 years. [14 marks] c. If she deposits RM8,000 next year and RM7,000 for the following year. [14 marks] 2) Conclude your above findings and state your recommendation with justification. [4 marks] *Note: You are required to calculate the amount in his account after four years based on the above chosen banks latest interest rate (evidence to be attached - 2 marks). You may refer to the banks website for the latest interest rate
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