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Posted on Jul 10, 2024

David requires RM 8 0 , 0 0 0 in 5 years time. He has placed his funds in a vehicle that generates an annual

David requires RM

80, 000

5

years

time. He has placed his funds in a vehicle that generates an annual compounded rate of

7.75 % .

How much must he invest in a lump sum now?

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