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You want to buy a new car 5 years from now and you plan to save RM1,000 per month. You will deposit your savings in

You want to buy a new car 5 years from now and you plan to save RM1,000 per month. You will deposit your savings in Maybank which offers loans at a 5% nominal rate and the interest is paid monthly. How much will you have in 5 years from now?)

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