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Q3. Today Serene is entering a university. Her father is investing RM 50000 now at 8% compounded quarterly for her. Serene will withdraw the same

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Q3. Today Serene is entering a university. Her father is investing RM 50000 now at 8% compounded quarterly for her. Serene will withdraw the same amount every month for four years starting next month. How much is the withdrawal amount? (8 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3)

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