Question: Q2 (a) Annual Labor Cost for Packaging System was RM 50,000 in year I through 3 and RM70,000 in year 4 through 8. Determine the

Q2 (a) Annual Labor Cost for Packaging System was RM 50,000 in year I through 3 and RM70,000 in year 4 through 8. Determine the present worth at an interest rate of 3.2 % per year. (20 marks) Q2 (b) Table 1 shows deposit into saving account with rate of return 10% per year. Determine the future value at year 8. (25 marks) Table 1: Deposit Money into Saving Account Information Year 2 5 Deposit, RM per year 500 4,000 4,000 3.600 3,200 2,800 2,400

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