Answer all the question below. 1. Dhia Safiyyah intends to deposit RM5,000 each year in...
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Answer all the question below. 1. Dhia Safiyyah intends to deposit RM5,000 each year in a saving account for the next 8 years that pays an annual interest rate of 6 percent. Determine the future value that he will have at the end of 8 years. (5 marks) 2. Rumah Selangorku Scheme offers one unit of Type D apartment at a maximum price of RM250,000. Assuming that the property price will increase at a rate of 7 percent per year, how much the cost of one unit of Type D apartment after 5 years. (5 marks) 3. Muhammad plans to give a gold bracelet to his wife as a present for their 5th wedding anniversary. The price of gold bracelet is RM7,500. How much should you he put aside today in an account that earn 9 percent rate of return to accumulate that amount. (5 marks) 4. Your grandfather has just announced that he is going to give you RM12,000 per year at the end of next 6 years. Calculate the current value of this promise, if the relevant interest rate is 9 percent
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