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Time value of money 1. Najmi a 30th years old wishes to retire at age of 60. He is targeting to have RM400,000 in his
Time value of money
1. Najmi a 30th years old wishes to retire at age of 60. He is targeting to have RM400,000 in his ASB account during his retirement.
Calculate how much he need to save at the beginning of each year, if the annual return on ASB investment could earn 9 percent return per year.
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