Assignment? d) Sofea plans to buy a condominium when she graduates from Wawasan Open University three years from now. The condo's selling price is expected to be RM240,000 in three years' time and she will need 10% of the selling price as a deposit to book the condo. If she puts RM6,000 now in an account that yields 15% interest compounded semiannually, calculate how much more would she need to deposit soon after she has graduates. (5 marks) QUESTION 2 (25 MARKS) a) Mei Lin is putting money aside to purchase a new house in four years. She plans to save RM4500 at the end of each month for the next four years. She plans to put the money into a savings account with a monthly interest compounding rate of 2.0 percent. Determine how much money she will have in four years. ( 5 marks) b) In ten years, John Hsu hopes to establish a business. He aims to acquire RM200,000 to invest in the firm by that time. To achieve his aim, he wants to put a particular sum today in an investment fund that will pay him 8.0 percent per annum, compounded semi-annually. Calculate how much John will have to invest today to reach his goal. ( 5 marks) c) Muthu had just acquired a car loan from a bank. The bank had agreed to lend him RM120,000 in exchange for a 5% down payment on the automobile. Muthu would have to pay monthly instalments to repay the debt at a rate of 3.0 percent per annum compounded monthly for 9 years. i) Compute the amount of his monthly payment