Question: Dr. Tan is a lecturer by profession. He has been saving in XYZ Bank every 3 months once, a fixed amount of money for the

Dr. Tan is a lecturer by profession. He has been saving in XYZ Bank every 3 months once, a fixed amount of money for the past 3 years. The table below shows the quarterly deposits that were made between 2018 and 2020.

Dr. Tan is a lecturer by profession. He has been saving in

Find the accumulated amount of Dr. Tans investment at the end of 2020 if he was offered 6.5% interest compounded quarterly. (15 marks)

(b) Ms. Nurin plans to buy a condominium worth RM 580,000 located in Subang Jaya with a 20% down payment towards financing the house. Determine the monthly payment of the housing loan, if Nurin was offered 4.5% interest compounded monthly for 25 years. (5 marks)

Vrer Quartier depuis (RM) 7.000 27

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