c. You have RM300,000 and you expect to retire at the end of this year. You also expect to live for another 25 years, and to be able to earn 8% on your invested funds. How much could you withdraw at the end of each of the next 25 years and end up with zero amount in the account?

d. Alice who is the owner of Alice Homestay own a rental house that yields annual rent of RM1000. There is a rent payment due today and one each at the end of the next two years. If Alice deposit all three into her account, which earns 2 percent, how much money will she received at the end of year 2?

Answer rating: 100% (QA)

c To calculate how much you could withdraw at the end of each of the next 25 years and end up with z... View the full answer