Compute the future values of your savings after 10 years based on the followings: i) Deposit RM1,200 at the end of each year in a financial institution which pays an interest rate of 12% p.a. compound annually. (3 marks) ii) Deposit RM600 at the end of every 6 months in a financial institution which pays an interest rate of 12% p.a. compound semi-annually. (3 marks) iii) Deposit RM300 at the end of every 3 months in a financial institution which pays an interest rate of 12% p.a. compound quarterly. (3 marks) iv) Deposit RM100 at the end of every month in a financial institution which pays an interest rate of 12% p.a. compound monthly. (3 marks) c) Discuss the compounding effects based on the outcomes you have computed for part (b)

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To compute the future values of savings after 10 years for each scenario we can use the future value ... View the full answer