Time Value

Compute the followings: i) Twenty years (20) ago, Saleha invested RM3.000. Today, that investment is worth RM15,570. By using interpolation, what is the rate of return Saleha earned on her investment. (4 marks) ii) Miss Jenny plans to save moneyfor her tertiary education. She is going to deposit RM600 at the beginning of each year for the next five (5) years in bank which pays 7% interest. How much would she have accumulated after five (5) years? (4 marks) iii) Zarina opened a saving account three (3) years ago and deposited RM150 at that time. Last two (2) years, she added another RM300 to the account and last year she deposited additional RM450 into her account. The rate of return is 5% compounded annually. How much is in Zarina's account today? (4 marks)