Solve all questions. Show all the working properly in the workings to be submitted. Q5.1. After a summer of travelling (and not working), a student finds himself RM2200 short for this yearTMs tuition fees. His parents have agreed to loan him the money for 4 years at a simple interest rate of 8 percent, with Format : 5708 interest due at the end of each year. (2.5 marks) Q.5.2. An engineer who is planning for his daughterTMs higher education plans to start depositing money now (Year O) and continue through year 17. If he deposits RM11000 each year with an interest rate of 5%, how much will his daughter be able to withdraw each year starting in year 18 and continuing through year 22 when the saving Format : 27226 is transferred to another bank with interest rate of 5%? (4.5 marks) Q.5.3.2. Didi is considering buying a shoplot in Gemas for RM540000. If she makes a down payment of RM54000 and take out loan on the rest of the shoplot price at 9% compounded monthly, what would be her monthly payment Format : 2342 to settle the loan in 30 years? (4.5 marks) Q.5.3.b. (Refer to Q.5.3.1.) Consider the 34th payment. How much will the principal payment be? (3.5 marks). Format : 935 Q.5.4. An industrial engineer is considering two robots for improving efficiency in a fibre-optic manufacturing company for a period of 4 years. Robot X will have a first cost of RM89700, an annual operation and maintenance (O&M) cost of RM30000, and a RM34000 salvage value after its useful life of two years. A more sophisticated Robot Y will have a first cost of RM164000, an annual O&M cost of RM28000, and a RMS 7000 salvage value Format : A after its four-year life. Which should be selected on the basis of a future worth at year 4 comparison at an interest rate of 11% per year? (Hint: need to acquire a 2nd Robot X to fulfill the 4-year required service period) (10 marks)