Marsiah Crunch plans to deposit cash in her saving account each year as shown below. Her saving effort would be useful as preparation for her son’s education. Year Deposit (RM) 0 1000 1 2000 2 2000 3 2000 4 3000 5 3000 6 3000 (a) Draw a cash flow diagram. (b) Estimate the future worth (FW) at the end of the 10th year based on the investment rate of 8% per annum.
Marsiah Crunch plans to deposit cash in her saving account each year as shown below. Her saving effort would be useful as preparation for her son’s education. Year Deposit (RM) 0 1000 1 2000 2 2000 3 2000 4 3000 5 3000 6 3000 (a) Draw a cash flow diagram. (b) Estimate the future worth (FW) at the end of the 10th year based on the investment rate of 8% per annum.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Marsiah Crunch plans to deposit cash in her saving account each year as shown below. Her saving effort would be useful as preparation for her son’s education.
Year Deposit (RM)
0 1000
1 2000
2 2000
3 2000
4 3000
5 3000
6 3000
(a) Draw a cash flow diagram.
(b) Estimate the future worth (FW) at the end of the 10th year based on the investment rate of 8% per annum.
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