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What is the present value of a years annuity

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Reference no: EM132768367

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(i) Farid invested RM10,000 today in a fund that earns 8 percent compounded annually. How much his investment will grow in 3 years?

(ii) You deposit RM3,500 into an account every year for 6 years. The account pays 7% interest. How much will you have at the end of that time?

(iii) You deposit RM4,000 each year into a retirement account paying 8% interest. How much will you have in 25 years when you retire?

(iv) What is the present value of a 4 years annuity, if the annual interest is 5 percent, and the annual payment is RM1,000?

Reference no: EM132768367

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