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Table below shows the monthly deposit made by Ahmadfor the 2021 through 2023Year Monthly Deposits (RM)1202130320224042023Interest Rate12% compounded monthly12% compounded quarterly12% compounded weeklya) Calculate the
Table below shows the monthly deposit made by Ahmadfor the 2021 through 2023Year Monthly Deposits (RM)1202130320224042023Interest Rate12% compounded monthly12% compounded quarterly12% compounded weeklya) Calculate the accumulated amount in the account at theend of 2023.(15 marks)b) Ahmad plans to withdraw an equal amount at the endeach month beginning January 2024. Ifthewithdrawals are for 7 years 7 months, find the size ofthese withdrawals if the interest is 9% compoundedevery three months.
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