ZAMANI has just bought a new HONDA ACCORD that costs RM 89,000. She took a 9-year loan
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Question:
- ZAMANI has just bought a new HONDA ACCORD that costs RM 89,000. She took a 9-year loan from ABC Bank that requires her to pay 10% of the cost, as down payment. Determine amount of ZAMANIs annual payment if the ABC Bank interest is 4% per annum.
- How much will RM 2,000 deposited in a current account earning a compound annual interest rate of 6% be worth at the end of 4 years?
- We are going to deposit $5,600 at the end of each year for the next 10 years in a bank where it will earn 10% interest. How much will we get at the end of 10 years?
- We are going to deposit $1,000 at the beginning of each year for the next 5 years in a bank where it will earn 5% interest. How much will we get at the end of 5 years?
- Big Mom Sdn. Bhd is evaluating an investment with different probabilities. Based on the following information, calculate the expected return if the Treasury Bills carries a return of 5.5%
Probability | Market Return | |
1 | 0.17 | 7% |
2 | 0.33 | 8% |
3 | 0.43 | 11% |
4 | 0.18 | 15% |
5 | 0.22 | 12% |
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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