ELEKTO Sdn Bhd has a net profit of RM (L3D x 10,000) + 250,000 for year 2020. The company net profit was increased by 20% for year 2021. Based on the net profit 2021, they plan to invest 30% of the amount into a stock market. Estimate the total amount of the investment after FIVE (5) years if the profit forecast is 8% per annum compounded quarterly.
ELEKTO Sdn Bhd has a net profit of RM (L3D x 10,000) + 250,000 for year 2020. The company net profit was increased by 20% for year 2021. Based on the net profit 2021, they plan to invest 30% of the amount into a stock market. Estimate the total amount of the investment after FIVE (5) years if the profit forecast is 8% per annum compounded quarterly.
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
Section: Chapter Questions
Problem 1PS
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![(c)
ELEKTO Sdn Bhd has a net profit of RM (L3D x 10,000) + 250,000 for year 2020.
The company net profit was increased by 20% for year 2021. Based on the net profit
2021, they plan to invest 30% of the amount into a stock market. Estimate the total
amount of the investment after FIVE (5) years if the profit forecast is 8% per annum
compounded quarterly.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F858db06b-b057-4c0f-876f-1cf6cc45d508%2F1b001861-47ae-4e43-bccc-4ed4ea147082%2F8wx0d2b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(c)
ELEKTO Sdn Bhd has a net profit of RM (L3D x 10,000) + 250,000 for year 2020.
The company net profit was increased by 20% for year 2021. Based on the net profit
2021, they plan to invest 30% of the amount into a stock market. Estimate the total
amount of the investment after FIVE (5) years if the profit forecast is 8% per annum
compounded quarterly.
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