Question
QUESTION a) Liza borrow RM450,000 from a bank to buy a house for 5 years financing. Develop an amortization table for 6 years if the
QUESTION
a) Liza borrow RM450,000 from a bank to buy a house for 5 years financing. Develop an amortization table for 6 years if the interest rate is 5 percent per annum. You may answer this question by excel.
b) Currently Ahmad has deposited RM4,000 every month in accounts at 12 percent interest rate compounding monthly. He wants his amount in his account to be as RM50,000 after n years. How long he has to deposit to has with that amount?
c) How much is the interest rate growth if RM10,000 today would be accumulated to RM70,000 after 30 years?
d) Wendy has RM5,000 invested in a bank that pays 3.8% annually. How long will it take for her funds to triple?
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Reforming The Governance Of The Financial Sector
Authors: David Mayes , Geoffrey Wood
1st Edition
0415686849, 978-0415686846
