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please helpvwith this QUESTION 3 (13 MARKS) (a) Noah would like to purchase a...

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please helpvwith this

QUESTION 3 (13 MARKS) (a) Noah would like to purchase a house in 3 years. He save RM6,000 every 6 months starting at the end of the first period to provide for that purpose. If money is worth 10% per annum. Calculate the saving amount that Noah will have by the time he need to pay the house deposit. (3 marks) (b) Jasmine would like to start up her own florist shop. While doing her business plan, she estimated her dream flower truck to cost around RM50,000 with restoration. If she started saving today a sum of RM5,000 every quarter at 12% compounding rate, will she be able to buy the truck after 2 years? (4 marks) (c) Clover has just won an art competition. Suppose that Clover has an opportunity cost of capital of 8% per annum paid semi-annually and she must decide between the following two alternatives of prizes. Decide which better option for Clover? i. ii. Instalment of RM30,000 paid every end of 6 months over a 3 years period. Lump sum of RM300,000 paid 3 years later compounded annually. (6 marks)

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