Answered: Amirul deposited RM1,000 in a savings…

Amirul deposited RM1,000 in a savings account at 3% compounded monthly. Find the number of months required if he wanted the amount in the account to become RM2,000. （277.6 months)

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 22PROB

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2. Amirul deposited RM1,000 in a savings account at 3% compounded monthly. Find the number of months required if he wanted the amount in the account to become RM2,000. （277.6 months)

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