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b) Shawn is saving for the down-payment on a house and plan to buy the house in 3 years. How much would he need to

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b) Shawn is saving for the down-payment on a house and plan to buy the house in 3 years. How much would he need to invest in an account that pays 22.50% compounded quarterly in order to have RM30,000 for the down-payment? (4 marks)

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