Akramin plans to have RM 100 000, ten years from now, which the rate of return given is 10%. Analyse the alternatives to achieve above target through: 1. Deposit required now (present worth P7 in year 0) 2. Yearly deposit if he start to invest now. 3. Yearly deposit if he start to invest 5 years from now. 4. Yearly deposit if he plan only to invest from now for 5 vears
Akramin plans to have RM 100 000, ten years from now, which the rate of return given is 10%. Analyse the alternatives to achieve above target through: 1. Deposit required now (present worth P7 in year 0) 2. Yearly deposit if he start to invest now. 3. Yearly deposit if he start to invest 5 years from now. 4. Yearly deposit if he plan only to invest from now for 5 vears
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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