Question 3 (a) Rashidah intends to buy a motorcycle for his son, Ahmad, on his 20th birthday 4 years from now. Based on her survey, the price of motorcycle is approximately at RM8,000. She plans to...

Extracted text: Question 3 (a) Rashidah intends to buy a motorcycle for his son, Ahmad, on his 20th birthday 4 years from now. Based on her survey, the price of motorcycle is approximately at RM8,000. She plans to start save money in the savings account that pays 4 percent interest annually. Compute how much should she deposit today to buy the motorcycle.