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 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Solve question 4. Thank you
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c4b016f-b79f-4a4b-82cf-f3c1d38c9ec3%2F1ab1a623-a904-4359-a989-cfe1edc791c3%2Fsdsw89r_processed.png&w=3840&q=75)
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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