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QUESTION 1 You have just joined an investment company. They have two alternative salary packages for you to choose from: Alternative 1 : RM 75,000

QUESTION 1

You have just joined an investment company. They have two alternative salary packages for you to choose from:

Alternative 1

: RM 75,000 per year for the next two (2) years

Alternative 2

: RM 55,000 per year for the next two (2) years, along with a lump sum of RM 30,000 paid today

Required:

If the interest rate is 16% compounded semiannually, which alternative is the best?

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