7. Time Value of Money a) Justin wants to know the present amount of a...
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7. Time Value of Money a) Justin wants to know the present amount of a RM1,500 cash flow forever if the Interest rate is 11 %. b) Mira invested RM35,000 in a fund that promised to pay her 10% interest compounded monthly. She planned to hold the investment for 10 years. After investing for 5 years, Mira withdrew RM5,000. What is the amount left? c) Luna's cash in the bank has multiplied to as much as RM2,050.11 after 1 year. Interest rate is 5% compounded monthly. What is interest earned
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