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QUESTION 4 Jeremiah invested RM100 every month into his Paradise Mutual Fund account for 8 years at an interest rate of 6% compounded monthly. Find the future value at the end of the investment period. QUESTION 5 The cash price of a desktop is RM3.800, Amar purchased the desktop by paving RM500

QUESTION 4 Jeremiah invested RM100 every month into his Paradise Mutual Fund account for 8 years at an interest rate of 6% compounded monthly. Find the future value at the end of the investment period. QUESTION 5 The cash price of a desktop is RM3.800, Amar purchased the desktop by paving RM500

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 23PROB
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QUESTION 4 Jeremiah invested RM100 every month into his Paradise Mutual Fund account for 8 years at an interest rate of 6% compounded monthly. Find the future value at the end of the investment period. QUESTION 5 The cash price of a desktop is RM3,800. Amar purchased the desktop by paying RM500 down payment. The balance was to be paid by making monthly payments for 2 years. If the interest charged is 4% per annum on original balance, find the instalment price. QUESTION 6 An invoice of RM7,500 has been received by a retailer with trade discounts of 10%, 7% and 5%. Find the amount of discount obtained.
Transcribed Image Text:QUESTION 4 Jeremiah invested RM100 every month into his Paradise Mutual Fund account for 8 years at an interest rate of 6% compounded monthly. Find the future value at the end of the investment period. QUESTION 5 The cash price of a desktop is RM3,800. Amar purchased the desktop by paying RM500 down payment. The balance was to be paid by making monthly payments for 2 years. If the interest charged is 4% per annum on original balance, find the instalment price. QUESTION 6 An invoice of RM7,500 has been received by a retailer with trade discounts of 10%, 7% and 5%. Find the amount of discount obtained.
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