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Question Ref. No: 3 5 1 6 Solve all questions accordingly. Q 5 . Feifei wants to buy her dream car, but short of RM
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Solve all questions accordingly.
Q Feifei wants to buy her dream car, but short of RM If she could invest her entire savings of RM at an annual interest rate of how long would Feifei has to wait until she could accumulate enough money to buy the car?
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Q Rose is planning her retirement and comes to the conclusion that she needs to save RM in years. Rose can invest into a retirement account that guarantees a annual return. How much does Rose have to put into her account at the end of each year to reach her retirement goal?
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Q Gansen plans to get married in years time. Gansen wants to have RM by that time. His parents promised to give him RM as a wedding gift on the wedding day. Given that Gansen could invest his annual deposit in an
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investment account with annual return, how, much should he save every year?
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