Razi need RM20,000 for his daughter education in 9 years, how many he deposits in his bank at the end of each year at 12% interest to get RM20,000 at the end of nine years. Select one: a. RM1,712.59 b. RM1,353.63 c. RM1,093.15 d. RM1,318.34
Razi need RM20,000 for his daughter education in 9 years, how many he deposits in his bank at the end of each year at 12% interest to get RM20,000 at the end of nine years. Select one: a. RM1,712.59 b. RM1,353.63 c. RM1,093.15 d. RM1,318.34
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 3PROB
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Razi need RM20,000 for his daughter education in 9 years, how many he deposits in his bank at the end of each year at 12% interest to get RM20,000 at the end of nine years.
Select one:
a. RM1,712.59
b. RM1,353.63
c. RM1,093.15
d. RM1,318.34
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