A bank offers a Loyal Saver account to the customers who deposit between £3000 and £4000 at the start of every year for at least 10 years. The account will pay 7% pa (compounded) tax free, i.e., the customers will not have to pay any income tax on the interest earned. Amy opens a Loyal Saver account for 13 years and is going to make a deposit of £3,500 every year. Sam opens a Loyal Saver account for 13years as well, but plans to make the first seven deposits of £3800 and the last six deposits of £3200. Who will have more money in the account at the end of the 13th year？

A student wants to save for her retirement. At the end of every year, she deposits 475 in a brokerage account with an expected annual return of 4.3%. How much money will she have in the account in 30 years? Enter your answer as a number with 2 places of precision (i.e. 1.23). Do not include dollar signs or commas.

Suppose that the parents of a young child decide to make annual deposits into a saving account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday (EOY), four withdrawals will be made. The sequence of the amounts of withdrawals is $2000, $2400, $2800, and $3200. If the effective annual interest rate is 8% during this period, what are the annual deposits in years 5 through 15? Use a uniform gradient amount in your solution and support your work by drawing the cash flow diagram. Draw the cash flow diagram and solve the problem. Upload your answer in the moodle. Answer: D Fir

b) Starting from 1* June 2021 with a fresh bank account, Ah Guan save RM320.00 into the bank account every month. A fixed interest of 0.8% is given on the last day of every month. Determine the date (the last day of a month after the interest is given) where he will be able to purchase a smartphone worth RM3126.00 *display your final answer as: [last day of the month] / month / year