Tutorial Grou 1 Question 2 30 31 8) A couple has a 6-year saving for an overseas vacation, It is estimated that they will nee 32 33 RM 13300 to cover the airfare and other expenses for a week-long holiday. The couple n 34 their saving consistently at the end of every month and it is expected to earn an interest of 3.96% per annum compounded monthly. 35 36 (1) Determine the values of the following components and hence calculate the monthly 37 saving required. (5 marks) 30 Type of investment 39 The monthly saving required is; (at least 5 decimal places) 42 b) A company is planning to invest in a project called MEGA which requires an investment 43 RM 157900. The cost of capital is 11 8% and the estimated cash inflows are as follows dit 45 Year Cash Flow (RM) 46 23900 47 37800 48 49990 49 48920 50 38290 51 As a financial manager of the company, you are required to evaluate the profitability of project and decide if the project is a worthwhile investment (5 marks) 55 (at least 6 decimal places) 56 Year Cash Flow (RM) |Discount Factor Present Value (RM) 57 mandatory 58 1 23900 optional 2 37800 49990 48920 38290 NPV - (at least 5 decimal places) is the project worthwhil Financial Mathematics Ready 28 REDMI NOTE 8 PRO AI QUAD CAMERAPe here to searcheg. Compute 1+1. Instruction: Answer all questions. Type your final answers without unit in the spaces provided. ans Question 1 a) Calculate the amount accumulated at the end of a 9-year investment if RM 9700 is invested in an account that pays 2.6% p.a. simple interest for the first 5 years and 2% p.a. simple interest for the rest of the years. (2 marks) 15 During the first 5 years During the rest of the years 6 Amount of interest earned Total amount accumulated at the end of the investment 18 19 b) Calculate the amount accumulated at the end of a 13-year investment if RM 9600 is 20 invested in an account that pays 3.96% p.a. compounded semi-annually for the first 4 years 21 and 3.96% p.a. compounded monthly for the rest of the years. (3 marks) 22 23 h= iz = n2 24 Type of investment 25 Total amount accumulated at the end of the investment 26 (at least 5 decimal places) 27 28 29 Question 2 CO REDMI NOTE 8 PRO AI QUAD CAMERA A couple has a b-year saving for an overseas vacation. It is estimated that they will need 12300 other expenses for a week long holiday, The couple mad