question archive 7) Compute the following: (a) You invest RM12,000 today at 9% per year compounded every 4 months
7) Compute the following: (a) You invest RM12,000 today at 9% per year compounded every 4 months
Subject:FinancePrice: Bought3
7) Compute the following:
(a) You invest RM12,000 today at 9% per year compounded every 4 months. How much
will you have after 25 years? (4 marks)
(b) How much must Sally set aside each year to accumulate RM100,000 after 20 years?
The interest rate is 11%. (4 marks)
(c) How much Bernard must repay each year for 10 years to pay off a RM120,000 loan
that he just took out? The interest rate is 10%. (4 marks)
