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An investment account gives a rate of return of 7% compounded annually. Determine the future amount: a. If you invest RM2,000 at the end of
An investment account gives a rate of return of 7% compounded annually. Determine the future amount:
a. If you invest RM2,000 at the end of the year for 4 years.
b. If you invest RM2,000 at the beginning of the year for 4 years.
c. If you consistently invest RM180 end-of-month for 4 years.
Which one of the above option will give the highest value in the future?
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