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QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3

QUESTION 2 (22 marks) a) Compute the sum to be invested now at 12% compounded monthly so as to accumulate RM8,888 in 3 years. (3 marks) b) Compute the interest earned if RM9,600 is invested for 8 years at 8.8% compounded quarterly. (5 marks) c) A debt of RM22,000 will mature in 5 years' time. Assuming money is worth 6% compounded semiannually. Calculate, i. the present value of this debt, ii. the value of this debt at the end of 2 years

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