SOLUTION: Razali has the following choices of investing 𝒙 Malaysian Ringgit (in thousands) for
8 years duration:
a. Deposit the money in an account paying 6% semiannually.
b. Deposit
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-> SOLUTION: Razali has the following choices of investing 𝒙 Malaysian Ringgit (in thousands) for
8 years duration:
a. Deposit the money in an account paying 6% semiannually.
b. Deposit
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Question 1171736: Razali has the following choices of investing 𝒙 Malaysian Ringgit (in thousands) for
8 years duration:
a. Deposit the money in an account paying 6% semiannually.
b. Deposit the same amount of money in 2 accounts. One account pays
5% monthly and the other one account pays 7% compounded every 2 months.
c. Deposit half of the money in an account that pays interest rate 9% annually
and invest another half of the money in a business such that after 8 years he
will get 20% extra.
d. Investing in a business such that the expected return on investment is
1.6 times higher.
e. In capturing new depositors, the finance institution offers a competitive interest
rate of 5.9% semiannually. To be eligible for RM50, the depositors will be
required to open an account with a minimum amount of initial deposit RM1000.
Show the appropriate calculations by assuming the appropriate value of 𝒙 and help
Razali to make the best decision to invest his money.
[30 marks] Answer by Solver92311(821) (Show Source):
