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Froggy Jumps
Froggy Jumps

Time Value of Money

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Time Value of Money

Froggy Jumps

Played 8 %Accuracy 55 Average time 12:10

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Time Value of Money

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Time Value of Money
 

Froggy Jumps

Time Value of MoneyOnline version

Time Value of Money

by SITI ZAKIAH BINTI ABU BAKAR (PMU)
1

Samantha opened a savings account this morning. Her money will earn 5 percent interest, compounded annually. After five years, her savings account will be worth RM5,600. Assume she will not make any withdrawals. Which one of the following is true?

2

Yaa wants to have RM50,000 in her investment account fifteen years from now. How much does she have to deposit today to achieve her goal if she can earn 9.5 percent compounded annually?

3

Michael borrows RM13,500 today at 7.90 percent compounded annually. The terms of the loan require him to repay the principal and interest in one lump sum three years from today. How much will he have to pay in three years?

4

Five years ago, Alberta had RM23,460 in her savings account. If she deposits RM6,000 today and plans to deposit another RM6,000 into this account next year. How much money will she have ten years from today if she earns 7.5 % on her savings?

5

Jessica wants to buy a house six years from now. She will need RM36,000 in cash to do so. How much does She has to deposit today to achieve her goal if she can earn 7.5 percent compounded annually?

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