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Question 1 Today Serene is entering a university. Her father is investing RM 50000 now at 8% compounded quarterly for her. Serene will withdraw the

Question 1

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?

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