QUESTION 2 a) Harry wants to start the savings out of the money earned by him. He then decides to deposit the initial amount of RM 10,000 into the high-interest savings account. The rate of interest, in this case, will be 15 % per annum compounded yearly. Currently, the age of harry is 40 years, and he plans to take retirement at the age of 60 years. This means that Harry has a time horizon of 40-year over he can accumulate the interest. Calculate the amount of money that Harry is going to receive at the age of 60 years. [4 marks] b) John has a choice of investing RM 25,000 in a savings account that pays 8% compounded semiannually or investing in another business venture that will pay RM 40,000 after years. Which is a better investment for John and why? Activate Windo Go to Settings to act [4 marks]