Time value of money highlights two (2) important propositions in making investment decision, (i) the advantage of having money today than latter, and (ii) the money available now has worth more than the same amount of money in future due to its earning capacity. These propositions require a careful consideration when decision to invest is about to take Required: (a) You inherited RM24,000 from your late grandfather and plan to use it for investment for 5 years. Calculate the amount to be received (together with principal) based on the return that is available for you as follows: i. Invest in cooperative that pays 8% simple interest annually. [1.5 marks) ii. Invest in fixed deposit that pays 7% compounded annually. [1.5 marks) iii. Invest in bond that pays 6% compounded semi-annually. [2 marks] iv. Describe which investment gives a better return. [1 mark]