QUESTION 3 a) Lynda intends to give scholarship worth RM7500 every year for 5 years. How much must she deposit now into an account that pays 8% per annum to provide this scholarship? [4 marks] b) Danial is investing RM500 at the end of every three months in a scheme which pays an interest of 7% compounded quarterly. The accumulated amount at the end of five years will be enough for down payment of a new house. What is the value of this down payment? i) ii) What will be the amount of interest earned in the scheme? Activate Windows [6 marks] to activate