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(b) You have RM1,500 to invest today at 7% interest compounded annually. (i) How much will you have accumulated in the account at the end
(b) You have RM1,500 to invest today at 7% interest compounded annually. (i) How much will you have accumulated in the account at the end of the following number of years? (6 marks) - 3 years - 6 years - 9 years (ii) Use your findings in part (b)(i) to calculate the amount of interest earned (in RM) in the: (6 marks) - 1 st 3 years (years 1 to 3) - 2 nd 3 years (years 4 to 6) - 3 rd 3 years (years 7 to 9)
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