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Question 3 (a) Ramona decides to save RM200 at the beginning of each year in an account paying 10 percent per annum compounded annually. Assume
Question 3 (a) Ramona decides to save RM200 at the beginning of each year in an account paying 10 percent per annum compounded annually. Assume that she makes these payment for 5 years, calculate the total amount of money she accumulate. (5 marks) (b) Find the current value of a house if you pay RM1,200 annual payment for 20 years, assuming the earning interest at 6 percent per annum compounded annully. (5 marks) (c) Maniam deposited RM5,000 in a bank. The deposit was left to accumulate at 7 percent compounded annually for 9 years. Compute the value of the saving at the end of 9 years. (5 marks) (d) Mahmud invests RM25,000 in a unit trust which promised to earn return of 14 percent compounded annually. How much will his investment be worth at the end of 7 years? (5 marks) (e) Mior plan to deposit RM3,600 in a saving account at the end of every year. To what sum will the investment grow at the end of 10 years if the rate of interest is 8 percent per annum compounded annually
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