Question: 1 . Amy has to borrow RM 6 0 , 0 0 0 from a bank to start her degree in USA. The bank charges

1. Amy has to borrow RM 60,000 from a bank to start her degree in USA. The bank charges her an interest rate of 4%. Find the end of year annual payments if she wants to settle debt with bank within 10 years after start her education.
2. How much you save every month for 2.5 years if you want to have RM 100,000 in bank account that pays 12% interest compounded monthly?
3. If En. Muiz just bought a new Perodua Myvi worth RM 60,000 and took a loan from MAYBANK that requires 10% down payment. Determine the amount of annual installment @ payment if the bank charge 5% interest and En. Muiz is planning to settle the entire loan within 7 years.
4. A local bank is offering 8% quarterly interest on saving accounts. If you deposited RM 7,000 today, how much will you have in two years?
5. How much should Ms. Maisarah deposit today in a bank account that paying 12% interest if she wants to withdraw RM2,000 yearly at the end of each year for three years?
6. Which of the following will you choose if you are offered?
a. Receive RM 1,000 today
b. Receive RM 10,000 in year 12
c. Receive RM 25,000 in year 25
Given the interest rate is 11%.
7. Bonds with a par value of RM1,000 were issued by KEE Company and have another 15 years before maturity. The coupon rate promised is 5 percent per year, paid twice a year. The market interest rate is 6 percent. What is the present market value of this bond?

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