The following are independent situations and should be answered separately:

(a) Calculate the amount you need to invest now in order to accumulate RM10,000 in 5

years' time if interest of 6% is compounded :

(i) monthly

(ii) fortnightly

(b) How much money should be deposited in a bank paying interest at the rate of 8.5%

per year, compounded quarterly, so that at the end of 5 years the accumulated

amount will be RM40,000?

(c) Arthur Jones wants to have RM6,000 in the bank at the end of 7 years. In order to

achieve this, he plans to deposit the correct amount at the end of each month. If the

bank pays compounded interest of 6% per month, determine the value of his

monthly payments.

(d) Mr Tan intends to invest RM20,000 in a fund which pays simple interest of 8%p.a.

Calculate the amount he could accumulate if he decides to invest for a period of 6 years.