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Sabri expects to receive RM3,500 annually at the end of the next three years. She...

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Accounting

  1. Sabri expects to receive RM3,500 annually at the end of the next three years. She will deposit these payments into an account, which pays 10 percent compounded semi-annually. What is the cumulative value of this deposit in the third year?

(4 marks)

  1. Sallina borrows from you RM67,000 now and promises to pay RM183,229 in the future with an interest rate of 9 percent annually. How long will it take for her to fulfil the promise?

(4 marks)

  1. You have evaluated your retirement situation and decided that you will needRM2mil when you reach your retirement age. If you work for the next 30 years and earn an average of 12% interest,determine your yearly savings.

(4 marks)

  1. You plan to invest RM2000 a year in one of the Malaysian unit trusts for the next 20 years. You would like to know the effect of investing this money at the beginning of each year rather than waiting until the end of each year. Calculate the difference in the future value of your investment for the next 20 years:

  1. If annual investment is at the end of each period.
    1. If annual investment is at the beginning of each period.

For both cases, assume a 10 percent interest rate is applied.

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