(b) RM 5000 is invested for five years at 5 % compounded annually. Find i. the amount at the end of five years ii. the interest earned

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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(b) RM 5000 is invested for five years at 5 % compounded annually. Find

i. the amount at the end of five years

ii. the interest earned

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