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Murad wants to deposit RM950 on his birthday and plans to do it on an annual basis. Today is Murad's 25th birthday. Murad's account is

Murad wants to deposit RM950 on his birthday and plans to do it on an annual basis. Today is Murad's 25th birthday. Murad's account is earning 6.5% interest compounded semiannually. How much will be in the account on his 55th birthday? (5 marks)

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