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29 votes
29 votes
Mr. Kamal wants to get RM50 000 in his fixed deposit account within 8 years. What is the minimum amount of money (round off to the nearest money) that needs to be deposited in the fixed deposit account which pays a compound interest of 7.5% per year?​

User Wekempf
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1 Answer

20 votes
20 votes
RM8ODDO.

Hope this helps (:
Mr. Kamal wants to get RM50 000 in his fixed deposit account within 8 years. What-example-1
User Leafeater
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