Calculate how much will Sonja have in a savings account 12 years if she deposits RM 3,000 now and RM 5,000 four years from account earns interest at a rate of 10% per year. Draw the cash flow diagram for the problem in 02 (a)(i)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Q2
(a)
(i)
Calculate how much will Sonja have in a savings account 12 years from now
if she deposits RM 3,000 now and RM 5,000 four years from now? The
account earns interest at a rate of 10% per year.
(ii)
Draw the cash flow diagram for the problem in Q2 (a) (i)
Transcribed Image Text:Q2 (a) (i) Calculate how much will Sonja have in a savings account 12 years from now if she deposits RM 3,000 now and RM 5,000 four years from now? The account earns interest at a rate of 10% per year. (ii) Draw the cash flow diagram for the problem in Q2 (a) (i)
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