Question: this question by using formula that i will give waittt QUESTION 4 a) b) Compute the following: i) il) ii) iv) Miss Melissa is planning

this question by using formula that i will give waittt

QUESTION 4 a) b) Compute the following: i) il) ii) iv) Miss Melissa is planning to accumulate RM1,000,000 savings for her retirement in twenty-five (25) years. Considering a bank is giving interest rate of 8 percent per annum, how much is the yearly savings if her first deposit is made at the beginning of the year? Chef Jasmine Chan has just borrowed RM67,000 to repair her bakery. She promises to pay RM183,229 with an interest rate of 9 percent annually in the future. How long will it take for her to fulfil the promise? Do interpolation for this situation. Miss Fina has taken a loan of RM10,000 from a bank for 3 years. She has paid a total of RM13,310 after 3 years. What is the annual compound interest rate charged by the bank to her? Datin Seri Nadia Merican is planning to get a return of RM75,000 from a 5-year savings with Pantai Timur Finance. It is proposed an annual rate of 10 percent. How much is Nadia supposed to deposit at the bank today? (14 marks) Briefly explain the following terms: i) i) Annuity Ordinary Annuity Due (6 marks)

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