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You wish to have accumulated RM15,000 at the end of 15 years in order to pay for your childs education. To do this, you plan

You wish to have accumulated RM15,000 at the end of 15 years in order to pay for your childs education. To do this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 6% compounded annually, how much must you deposit each year to reach your goal

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