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Question 4 (a) A principal, RM600, is invested at 8% interest for four years. Determine the future value if the interest is compounded (i) quarterly

Question 4 (a) A principal, RM600, is invested at 8% interest for four years. Determine the future value if the interest is compounded (i) quarterly (ii) semi-annually (b) Determine the rate of interest required for a principal of RM2,350 to produce a future value of RM7,500 after 12 years compounded continuously.

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