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QUESTION 2 a) Shasha wants to purchase an annuity from the inheritance that she received amounting RM 350,000. However. she decided to invest three fourth

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QUESTION 2 a) Shasha wants to purchase an annuity from the inheritance that she received amounting RM 350,000. However. she decided to invest three fourth of the amount in an investment fund for 5 years with an effective rate of 6%. Later after 5 years, the total in the investment fund will then be used to purchase a yearly annuity for 15 years with an effective rate of interest 4% per annum. Find the amount Shasha will receive every year for the annuity shepurchased for 15 years. {3 Marks) smzmsmznrn For another one fourth of the inheritance amount, Shasha plans to take up a 5 years car loan that offers her with a decreasing quarterly payment for every subsequent payment. Every payment is reduced by RM 100 at a rate of interest 12% compounded quarterly. Find the amount for Shasha' rst our monthly loan repayment. f3 Marks

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