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Q.5.2. Rara is planning for her retirement starts depositing money now (year 0) and continue through year 14. If she deposits RM5000 cach year

 

Q.5.2. Rara is planning for her retirement starts depositing money now (year 0) and continue through year 14. If she deposits RM5000 cach year with an interest rate of 6%, how much will she be able to withdraw each year starting in year 15 and continuing through year Format: 49970 24 when the saving is transferred to another bank with interest rate of 4% ? (4.5 marks)

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