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You wish to accumulate RM100,000 in a fund at the end of 10 years. You will deposit the money at the beginning of every two
You wish to accumulate RM100,000 in a fund at the end of 10 years. You will deposit the money at the beginning of every two months. In the first 5 years, RM200 will be deposited bimonthly, and then in the second 5 years, RM (200+X) will be deposited bimonthly. The fund earns i annual effective rate of interest. Show that 50,000 60056 10 i X 350 571 You wish to accumulate RM100,000 in a fund at the end of 10 years. You will deposit the money at the beginning of every two months. In the first 5 years, RM200 will be deposited bimonthly, and then in the second 5 years, RM (200+X) will be deposited bimonthly. The fund earns i annual effective rate of interest. Show that 50,000 60056 10 i X 350 571
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