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Please answer ASAP 1 .Discuss the meaning of the present value of a future amount? Give the general equation for present value? b . Farizal

Please answer ASAP

1.Discuss the meaning of the present value of a future amount? Give the general equation for present value?

b. Farizal intends to buy a new car, the Myvi for RM57,650, but only has RM20,000 in cash. How many years will it take for RM20,000 to grow to RM57,650 if it is invested at 10% interest compounded annually?

c. Wahida has decided to invest RM1,000 for two years in a savings account paying 6% interest compounded semi-annually. Compute the future value of Wahidas investment?

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