Wednesday, 30 October 2019

A debt of RM 4,400 due in two years and another RM 7,700 due in seven years will be

A debt of RM 4,400 due in two years and another RM 7,700 due in seven years will be settled by making a single payment four years from now.Find the total payment assuming that money is worth 5% compounded quarterly. Use the fourth year as the focal date.

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