You plan to invest RM2000 a year in one of the Malaysian unit trusts for the next 20 years. You would like to know the e
Posted: Wed Jul 06, 2022 6:28 pm
You plan to invest RM2000 a year in one of the Malaysian unit trusts for the next 20 years. You would like to know the effect of investing this money at the beginning of each year rather than waiting until the end of each year. Calculate the difference in the future value of your investment for the next 20 years:
i) If annual investment is at the end of each period.
ii) If annual investment is at the beginning of each period.
For both cases, assume a 10 percent interest rate is applied.
i) If annual investment is at the end of each period.
ii) If annual investment is at the beginning of each period.
For both cases, assume a 10 percent interest rate is applied.