Question: Subject :Q uantitative Methods (BADB1014) sec b 3 Tutor,please help answer below following question.Thanks 5. Peter deposited $25,000 in a savings account on April 1

Subject :Quantitative Methods (BADB1014) sec b 3

Tutor,please help answer below following question.Thanks

5. Peter deposited $25,000 in a savings account on April 1 and then deposited an additional $4500 in the account on May 7. Find the balance on June 30 assuming an interest rate of 4 % compounded daily. (2 Marks) 6. At the end of each year, Shaun and Sherly will deposit $5100 into a 401k retirement account. Find the amount they will have accumulated in 12 years if funds earn 6% per year. (2 Marks) 7. Kulluha Sdn. Bhd. signed a note with a payment of $11,500 per quarter for 4 years. Find the amount they must set aside today to satisfy this capital requirement in an account earning 6% compounded quarterly. (2 Marks)

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