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How much should Aishah invest today with an effective rate of interest of 5.25% to provide Aishah for an annuity of 15 years? Her first

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How much should Aishah invest today with an effective rate of interest of 5.25% to provide Aishah for an annuity of 15 years? Her first payment is RM 1,000 and subsequent payments increasing by 3% a year (this is the assumed inflation rate). (Answer in 2 decimal points)

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