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a. Ms. Ping Pin is planning to buy a new car 7 years from now. For this purpose, she will deposit RM10,500 at the beginning

a. Ms. Ping Pin is planning to buy a new car 7 years from now. For this purpose, she will deposit RM10,500 at the beginning of each year for the first 4 years in the savings account of a commercial bank. Her investment in the savings account will earn a return of 9% compounded annually. How much will Ms. Pin Pin have after 7 years to buy the car? (5 marks)

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