QUESTION 1 You have just joined an investment company. They have two alternative salary packages for you to choose from:

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answerhappygod
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QUESTION 1 You have just joined an investment company. They have two alternative salary packages for you to choose from:

Post by answerhappygod »

QUESTION 1
You have just joined an investment
company. They have two alternative salary packages for you to
choose from:
Alternative 1
: RM 75,000 per year for the next two
(2) years
Alternative 2
: RM 55,000 per year for the next two
(2) years, along with a lump sum of RM 30,000 paid today
Required:
If the interest rate is 16% compounded
semiannually, which alternative is the best?
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