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b) The bank is offering a saving scheme to public during hot market moment. The total amount for the investment is RM 30 000 for
b) The bank is offering a saving scheme to public during hot market moment. The total amount for the investment is RM 30 000 for the duration of 4 years 6 months. This scheme provided the return at an annual simple interest rate 3.5% for first two years. For the rest of the period, an annual interest rate 6% compounded quarterly is offered. Calculate the future value of this bank scheme offered for the purchasers
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