Question: can you answer within one hour please help me to provide 100% correct answer please QUESTION 2 Mr Prakash, an insurance agent approaches you on

can you answer within one hour please help me to provide 100% correct answer please

can you answer within one hour please help me to provide 100%

QUESTION 2 Mr Prakash, an insurance agent approaches you on a saving plan scheme. The insurance offers you an annual payment of RM15,000 every beginning of the period for next 15 years which has required rate of return of 11.5%. The fair value of the insurance will be RM165,000 at the end of year 15. Required: a) Calculate the value of the saving plan scheme today. (4 marks) b) Based on your answer in (a), explain your investment decision on the saving plan introduce by Mr Prakash using time value of money approach. (6 marks) c) Compute the present value of the above scheme if the annual payment is made every ending of the period. Compare the value of the saving scheme. (10 marks) (TOTAL: 20 MARKS)

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