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Find the present value if the interest rate

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a. How long would it take an investment to grow five-fold if it were invested at 8 percent compounded quarterly?

b. Amrit Kolar bought a new house by borrowing RM300,000 on a mortgage at 6 percent per annum repayable over 30 years in equal annual payments. How large will his annual payments be?

c. You have an opportunity to make an investment that will pay RM100 at the end of the first year, RM400 at the end of the second year, at the end of third year and at the end of fourth year and RM300 at the end of the fifth year. Find the present value if the interest rate is 8 percent.

Reference no: EM132764617

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