How much should be deposited into a bank account paying interest at the rate of 4% per year compounded monthly so that at the end of 5 years it is equivalent to a saving plan with a monthly payment of...


How much should be deposited into a bank account paying interest at the rate of 4%
per year compounded monthly so that at the end of 5 years it is equivalent to a saving
plan with a monthly payment of RM300, which earns interest at the rate of 4.5%
year compounded monthly?



Jun 11, 2022
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