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Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each month

Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each month for the next four years. She plans to put the money into a savings account with a monthly interest compounding rate of 2.0 percent. Determine how much money she will have in four years.

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