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Ismail Berhad also wants to accumulate RM50, 000 on December 31, Year 10, to retire some bonds.The company deposits RM3,000 in a savings account on

Ismail Berhad also wants to accumulate RM50, 000 on December 31, Year 10, to retire some bonds.The company deposits RM3,000 in a savings account on december 31, Year 1, which will earn interest at 6% compounded annually.Ismail Berhad's controller asks you to figure out what additional amount is required in the final year to retire bonds.

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