RM65000 will be invested for 6 years 9 months. if the investment will be offered 5% compounded semi annualy for the first 2 years, 6% compounded monthly for the next 18 months and 7% compounded daily for the rest of the period ,find the future value of this investment.

what is the step to solve this problem ?

To solve this problem, you can follow these steps:

Step 1: Divide the investment period into its respective compounding periods.
- For the first 2 years (24 months), the investment is compounded semi-annually.
- For the next 18 months, the investment is compounded monthly.
- For the remaining period (6 years 9 months - 2 years - 18 months), the investment is compounded daily.

Step 2: Calculate the future value of the investment for each compounding period separately.
- For the first 2 years (semi-annually compounded):
- Formula: Future Value = Principal * (1 + (rate/2))^n, where n is the number of semi-annual periods.
- Substitute the given values: Principal = RM65000, rate = 5%, n = 4 (2 years * 2 semi-annual periods per year).
- Calculate the future value for this period.
- For the next 18 months (monthly compounded):
- Formula: Future Value = Principal * (1 + (rate/12))^n, where n is the number of monthly periods.
- Substitute the given values: Principal = previous future value, rate = 6%, n = 18.
- Calculate the future value for this period.
- For the remaining period (daily compounded):
- Formula: Future Value = Principal * (1 + (rate/365))^n, where n is the number of daily periods.
- Substitute the given values: Principal = previous future value, rate = 7%, n = remaining number of days.
- Calculate the future value for this period.

Step 3: Add up the future values calculated in Step 2 to get the final future value of the investment.

Following these steps will allow you to calculate the future value of the investment.