Question: Question 1 Find the future value and the interest earned for each of the following annuities: a) RM 2,000 every year for 5 years at
Question 1 Find the future value and the interest earned for each of the following annuities: a) RM 2,000 every year for 5 years at 10% compounded annually. (4 marks) b) Rm 500 every month for 6 years 5 months at 8% compounded monthly (4 marks) RM 900 every 6 months for 9 years 9 months at 6% compounded, semi- annually (4 marks) d) RM 2,000 every 2 months for 1 year 10 months at 5% compounded every two months. (4 marks) e) RM 100 every day for 100 days at 10% compounded daily. (4 marks)
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