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3 . A potential customer approaches you to advise him on his investment for retirement. He plans to open a unit trust account with RM
A potential customer approaches you to advise him on his investment for retirement. He plans to open a unit trust account with RM using an autodebit of RM per month. The unit trust account is expected to earn a dividend of annually. In this case:
a How much money he could accumulate if he starts his investment at years old and plans to retire at yearsold?
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b How long he could use his money after retirement if he withdraws RM per month after retires.
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c Provide TWO suggestions on other financial products or investments that would benefits his retirement life in the future.
marksNEED ANSWER BASED FROM TIME VALUE MEASUREMENT FOR ALL THE QUESTIONS
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