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(C) Recently Mr. Robert has allocated RM 25,000 for the investment purpose. He needs advice on his investment options: Option A: Invest in a fund
(C) Recently Mr. Robert has allocated RM 25,000 for the investment purpose. He needs advice on his investment options: Option A: Invest in a fund that pays 9% compounded annually for five years. Option B: Invest in a fund that pays 8% compounded quarterly for five years. Option C: Invest in a fund that pays 7% compounded semi-annually for five years. Option D: Invest in a fund that pays 6% compounded daily for five years. You are required to calculate the accumulated sum from each option and advice Mr. Robert on the best option available. (10 marks)
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