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You can invest SGD 100,000 in fixed deposit with a bank. The term of the deposit is 6 years, and the deposit rate quoted is

You can invest SGD 100,000 in fixed deposit with a bank. The term of the deposit is 6 years, and the deposit rate quoted is 3.6%. Calculate the amount (round to 2 decimal places) you will have in 6 years, upon maturity of this fixed deposit, if the 3.6% is an APR but compounded quarterly. (7 marks)

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