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Assume that 5 years from now you will need RM2000. Your bank compounds interest at a 6% annual rate. b. If you want to make

Assume that 5 years from now you will need RM2000. Your bank compounds interest at a 6% annual rate.

b. If you want to make equal payments at the end of Years 1 through 5 to accumulate the RM2,000, how large must each of the 5 payments be?

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