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c)Calculate present value of an investment that will yield an annual end of year income of RM45,000 for the next 10 years and then be

c)Calculate present value of an investment that will yield an annual end of year income of RM45,000 for the next 10 years and then be worthless, if money is worth 7 percent compounded annually? (5 marks)

d)Calculate the annual interest rate must RM124,925 be invested so that it will grow to be RM475,000 in 14years. (5 marks)

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