accounting mathematic

Question 3 : The pie chart shows the percentage of adults aged 40 - 49 who said they had saving investments with a total value as shown in each category. GROUP E GROUP A No Answer Less than 25% RM10,000 30% GROUP D More than RM500.000 5% GROUP C GROUP B RM50,000 to RM10,000 to RM500,000 RM50,000 15% 25% a) Assume the money is invested at an average rate of 5% compounded quarterly. What will the top numbers in each category amount to in 15 years, when this age group will be ready for the retirement? [6 marks] (C2, CLO3, MQF LOD 6) b ) From (a), Tuan Hassan from Group C decided to use quarter amount from his total savings to buy an annuity scheme for the next 10 years. Find the monthly amount that he will receive for the 3.5% compounded monthly interest rate. [4 marks] (C3, CLO3, MQF LOD 6) Set 1 | AMO25 c) Tuan Hassan uses another quarter amount of his money after deduction in (b) as a deposit for a brand new luxury SUV. Consider the monthly payment of the SUV at Bank Bunga Raya is RM1351.50 for 2.7% compounding monthly interest rate for 7 years, find the price of the SUV. Hence, find the interest that will be paid to the bank. [10 marks] (C3, CLO3, MQF LOD 6)