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SUBJECT: BUSINESS MATH 3. Tiah Trading company has RM28,000 now. They need to have RM60,000 in 3 years for a business expansion. What is the

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SUBJECT: BUSINESS MATH

3. Tiah Trading company has RM28,000 now. They need to have RM60,000 in 3 years for a business expansion. What is the interest rate compounded quarterly in order to achieve his target? (4 marks) 4. Find the effective rate which is equivalent to 9% compounded every month. marks)

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