Question 5. (16) (a) How much do you have to deposit in your saving account if you wish to have RM40.000 in 5 years given the annual interest rate is 3% compounded monthly? (2) (b) You want to take a mortgage of RM400.000 for a new house. The mortgage is financed at 6% per annum adjusted monthly over 20 years. (1) What is the monthly repayment on the mortgage? (2) (11) What is the total amount paid over 20 years? (2) What is the total amount of interest paid over 20 years? (2) (iv) What is the effective interest rate? (2) What is the total interest paid over the 5th year? (2) (vi) What is the amount owing on the mortgage at the end of 5th year? (2) (c) You are making monthly deposit of $2000 in your saving account. The saving rate is 3% per annum, compounded monthly. How much would the balance in your account after 2 years? (2)