a) In your opinion, what is the importance for an individual in understanding time value of money concepts? For a corporate manager? (7 marks) (b) You have RM1,500 to invest today at 7% interest compounded annually. (1) How much will you have accumulated in the account at the end of the following number of years? (6 marks) - 3 years - 6 years - 9 years (11) Use your findings in part (b) to calculate the amount of interest earned (in RM) in the: (6 marks) - 13 years (years 1 to 3) - 2nd 3 years (years 4 to 6) - 3rd 3 years (years 7 to 9)