Q1. An equipment is estimated to cost RM8,000 in three years' time. If John wishes to buy this equipment in three years' time, how much must he save now in an account that pays 4% compounded every four months? (6 marks) (CLO1:PLO2:C3)(CLO1:PLO2:C3) Q2 RM1,000 was invested by Lily every month for 20 months in an account that pays 6% compounded annually. (a) ) Calculate the amount in the account after 20 months. (7 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (b) How much interest that she earned? (2 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (: 1