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QUESTION 3 (9 MARKS) RM200 was saved every month for four years in an account that pays 6% compounded monthly. Find the accumulated value if

QUESTION 3 (9 MARKS)

RM200 was saved every month for four years in an account that pays 6% compounded monthly. Find the accumulated value if the interest rate was changed to 8% compounded monthly after one year. (9 Marks)

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