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Calculate the present value of money for the following cases. (a) RM4,000 to be earned in the next 12 years. The 7% interest rate is

Calculate the present value of money for the following cases. (a) RM4,000 to be earned in the next 12 years. The 7% interest rate is compounded quarterly. (b) RM100,000 to be earned in the next 5 years. 5% interest rate is compounded monthly.

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