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a) Suppose you want to have RM 0

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a) Suppose you want to have RM 0.5 million saved by the time you reach age 30 and suppose that you are 20 years old today. If you can earn 5% on your funds, how much would you have to invest today to reach your goal?

b) If you deposit RM 150 in an account that pays 5% interest, compounded annually, how much will you have at the end of 10 years? 50 years? 100 years?

c) How much would I have to deposit in an account today that pays 12% interest, compounded quarterly, so that I have a balance of RM 20,000 in the account at the end of 10 years?