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2) Mr. A places his fixed deposit for one year with interest payable at maturity. Mr. B places his fixed deposit with another bank with
2) Mr. A places his fixed deposit for one year with interest payable at maturity. Mr. B places his fixed deposit with another bank with interest payable quarterly. Assuming that the deposit amount is RM100,000, and using the same annual rate of 6%, what is the difference in future value after one year? a. RM130.43 b. RM132.54 c. RM134.22 d. RM136.36
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