Question: ANSWER ALL QUESTIONS Based on the concepts that you have learned from Time Value of Money, use your own calculation examples to deal with the

ANSWER ALL QUESTIONS

Based on the concepts that you have learned from Time Value of Money, use your own calculation examples to deal with the three (3) scenarios as follows:

a)To build a retirement fund of RM1 million in 30 years from now. ) b)At any point in time, all banks offer the same rate of return for all deposits of different tenure. How would you maximize return by placing a deposit in this scenario?

c)Your good friend would like to borrow money from you. He/she has requested to pay back the borrowing in 10 years which you have disagreed with. You have insisted him/her pay back the borrowing in 5 years. Provide justification to shorten the loan repayment duration.

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