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QUESTION 1 Halimah plans to retire in 2 0 years and wants to ensure a monthly income of RM 2 , 5 0 0 during

QUESTION

1

Halimah plans to retire in

20

years and wants to ensure a monthly income of RM

2, 500

during her retirement. If the annual interest rate is

6.5 %

compounded quarterly,

)

How much should she deposit the money today?

)

How much of the total interest earned?

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