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Q5 Based on the transaction shown in Figure Q5, determine the interest rate that these two transactions are equivalent. $1,200 $1,000 2 2 Option 1
Q5 Based on the transaction shown in Figure Q5, determine the interest rate that these two transactions are equivalent. $1,200 $1,000 2 2 Option 1 Option 2 Figure Q5 a. 7.54% b. 8.54% c. 9.54% d.10.54% e.19.54% Q6 & Q7 Based on the following : Given an interest rate of 13% compounded annually, determine the following: Q.6. How much can be lent now if RM12,000 will be repaid at the end of five (5) years? a.6,514 b.7,360 C. 8,566 d. 9,514 e. 19,566 Q7. Given an interest rate of 13% compounded annually, determine the following: How much will be required in five (5) years to repay a RM40,000 loan received now? a.6,514 b.16,284 c.22,109 d.55,272 e.73,696 Q8. You have bought 300 shares of an overseas USA company listed in NYSE stock at a value of USD3,200 in April 2021. Your plan is to sell the stock when the value become USD6,400. If you expect 8% annual growth for this stock, how many years do you anticipate to hold onto this stock? a.5 b.6 C.7 d.8 e.9
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