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 ?

Same procedure as your 6:24 AM post.

DO YOU KNOW YOUR NOT TALKING TO ME

BUT "FIZZ"CAPITAL LETTER

IM A GIRL HES A BOY

STOLE MY IDENTITY,CAME BUT I CAME FIRST.NO OTHER NAME,TOOK MINE SEE?

262,641.415

To solve this problem, you can follow these steps:

Step 1: Calculate the future value of the investment for the first 2 years, where the interest is compounded semiannually at a rate of 5%.

- Convert the 6 years 9 months into months: 6 years = 6 * 12 = 72 months, 9 months = 9 months.
- Calculate the number of compounding periods for the first 2 years: 2 years * 2 (semiannually) = 4 periods.
- Use the formula for compound interest: FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount (RM65000), r is the interest rate (5% or 0.05), n is the number of compounding periods per year (2 for semiannual), and t is the number of years (2).
- Substitute the values into the formula and calculate the future value for the first 2 years.

Step 2: Calculate the future value of the investment for the next 18 months, where the interest is compounded monthly at a rate of 6%.

- Calculate the number of compounding periods for the next 18 months: 18 months.
- Use the same compound interest formula but with the updated values: FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount (previous future value from step 1), r is the interest rate (6% or 0.06), n is the number of compounding periods per year (12 for monthly), and t is the number of years (18 months / 12).
- Substitute the values into the formula and calculate the future value for the next 18 months.

Step 3: Calculate the future value of the investment for the remaining period, where the interest is compounded daily at a rate of 7%.

- Calculate the number of compounding periods for the remaining period: Multiply the number of days in the remaining period by the number of years (the fraction of 9 months / 12).
- Use the same compound interest formula but with the updated values: FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount (previous future value from step 2), r is the interest rate (7% or 0.07), n is the number of compounding periods per year (365 for daily), and t is the number of years (remaining period in years).
- Substitute the values into the formula and calculate the future value for the remaining period.

Step 4: Add up all the future values calculated in steps 1, 2, and 3 to find the total future value of the investment.