a) Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each
Posted: Sun Jul 03, 2022 12:52 pm
a) Mei Lin is putting money aside to purchase a new automobile in four years. She plans to save RM450 at the end of each month for the next four years. She plans to put the money into a savings account with a monthly interest compounding rate of 2.0 percent. Determine how much money she will have in four years. (5 marks)