Question: please help with this QUESTION 2 (12 MARKS) (a) Dahlia want to be able to withdraw RM5,000 at the end of five years and withdraw

please help with this QUESTION 2 (12 MARKS) (a) Dahlia want

please help with this

QUESTION 2 (12 MARKS) (a) Dahlia want to be able to withdraw RM5,000 at the end of five years and withdraw RM6,000 at the end of six years, leaving a zero balance in the account after the last withdrawal. If she can earn 5 percent on her balances, calculate how much Dahlia need to deposit today to satisfy her withdrawal needs. (6 marks) (b) Sophia just graduate from university. She was lucky to get paid for dropship she did during her study in the past four years. Her pays were as follow: Year 1 2 3 4 Pay RM 12,000 RM 12,500 RM 11,800 RM 12,700 She has saved the money in a fixed deposit account which pays 6% interest compounded monthly. Calculate Sophia account balance after the last deposit. (6 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Question 1 10 Marks Suppose you deposit R1 000 in one year, R2 000 in two years, and R4 000 in three years. Assume a 4 percent interest rate for year 1 and year 2 and 6 percent interest thereafter....

I need to make sure that my answers are correct AND help answering Q 6-10 please review. The Case as following: Focus Drilling Supplies has been growing steadily over the last 20 years. With...

help asap please Solve various time value of money scenarios. (Click the loon to view the scenarios.) (Click the icon to view the present value of $1 table.) (Click the icon to view the future value...

Question 8 Question text How much would I have to deposit in an account today that pays 12% interest, compounded quarterly, so that I have a balance of $20,000 in the account at the end of 10 years?...

Section B: Case Study (30 marks) O'Rilley cannot explain why he keeps starting companies. He describes the process as a mind grind. He says getting all the internal structures right, getting the...

Question 2(a) will truly be appreciated. QUESTION 2 40 MARKS Ignore VAT, deferred tax on the revaluation reserve and dividends tax. You are the newly appointed accountant at Romray Ltd ('Romray')....

Solve various time value of money scenarios Click the icon to view the scenarios) Click the icon to view the present value f ora Co the icon to view the future v ector the con love the procent value...

help me please Assignment 3 Section CBMW Iuly 27 (1) Samed Auto save Revie View Formulas Help File Home Insert Page Layout Conditional Formatting 20 Gene X A 9 ma MM B N 0 Prot. Michael Masters D 10...

TABLE 4 - Company Information some parts require excel, thanks This is all the info that was given, this is a finance question. What information do you need? This was all the information that was...

I need to make sure that my answers are correct please review. The Case as following: Focus Drilling Supplies has been growing steadily over the last 20 years. With increased exploration in the...

Consider the diode bridge rectifier shown below with the voltage regulating capacitor in parallel with the load resistor. 60Hz 120V 10:1 C-470F IL R=1kQ a) For the input signal, sketch waveforms of...

Draw the shear and moment diagrams for the beam in terms of the parameters shown. Given: P = 800 lb a = 5 ft L = 12 ft L.

Which portfolio would a risk - neutral investor prefer? Gold What can be inferred about the risk of the two portfolios if a risk - averse investor chooses to invest in gold? The risk in S

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...