Question: QUESTION 2 a) Compute the amount would you have to invest in order to receive the amount as stated in cases below: i. RM 15,000

QUESTION 2 a) Compute the amount would you have to invest in order to receive the amount as stated in cases below: i. RM 15,000 in 4 years 3 months at 10 percent compounded annually. RM 20,000 in 5 years 6 months at 13 percent compounded quarterly. RM 5,000 in 5 years 6 months at 9 percent compounded monthly. iii. (6 Marks) b) If you invest RM 9,000 today, compute the amount that will you have: i. In 2 years, 8 months earning an interest of 9 percent per semiannually ii. In 25 years earning an interest of 14 percent per quarterly. (4 Marks) c) Ali wants to provide for a college education. If he deposits RM500 at the end of each year for the next 5 years in a bank, earning 6% interest compounded annually. Compute the amount Ali will have at the end of 5 years. (5 Marks) d) Julie Miller is borrowing $10,000 at a compound annual interest rate of 15%. Find the amortizing a loan if annual payments are made for 10 years. (10 Marks)

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