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(a) Five years ago, Farhana saved RM12,000 in an account that pays 3\% compounded monthly....

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Accounting

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(a) Five years ago, Farhana saved RM12,000 in an account that pays 3\% compounded monthly. Now she intends to add another RMx into the account. Determine the value of x if the account will amount to RM30,000 in 10 years' time. (8 marks) (b) Augustine invested RM 2,000 in an account that offered interest rate 8 percent compounded quarterly. Find the value of this investment after five (5) years. (6 Marks) (c) Find the future value of a three (3) year investment of RM5000 that earns 6 percent compounded monthly. (6 Marks)

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