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You are saving money for your first car, and you plan to make regular deposits into an account, earning 10% your first deposit of RM4,500

You are saving money for your first car, and you plan to make regular deposits into an account, earning 10% your first deposit of RM4,500 will be made today. You also plan to make four additional deposits at the beginning of the next four years. After that, you plan to increase your deposits by 9% a year. ( You plan to deposit RM4500 at t=0, and RM4905 at t=1, etc.) How much money will be in your account after five years ? A. RM24,697 B. RM36,428

C.RM38,952

D.RM42,512

E.RM35,582

which one is correct ?

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