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7. Orchid currently renting at a condominium for RM1,000 per month paid at beginning of each year. She decides to buy a house instead of

7. Orchid currently renting at a condominium for RM1,000 per month paid at beginning of each year. She decides to buy a house instead of continue renting. If money is worth 12% p. a., what would be the cash value equivalent to 10 years rent compounding monthly

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