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(4 marks) You can deposit RM10,000 into an account paying 9% annual interest either today or exactly 10 years from today. How

kinldy , i need the answer with explanetion
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Answer #1

Solution :-

IF DEPOSIT Now - Present Value (80) = RM 10000 Annual Interest rate (8)=9% or 0.09 No. of years (n) = 40 years 50 СО Future VFuture Value = Pull+8) = RM 10000 (1+0.0930 = RM 10000 (1.09.30 = RM 10000 (13.767678) - RM 13676.78Thus, you would make RM 181417.42(RM 314094.20 - RM 132676.78) more by investing the RM 10000 now instead of waiting 10 years.

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