Mathematics, 04.06.2021 21:50 kaitlyn215
urgent! business math question!
Shazatul opened an account of RM 1500 for her daughter as a present for her when she was seven years old. The account paid 4% compounded monthly. When her daughter was 17 years old, Shazatul deposited RM100 every end of the month until her daughter was 19 years old. At this time, her daughter enrolled in a college for a three-year music course.
(a) Find the amount accumulated in the account when her daughter was 17 years old.
(b) Find the amount accumulated in the account when her daughter was 19 years old.
(c) If her daughter intended to withdraw an equal amount at the end of each month for the duration of her course, find the withdrawal amount. ​
Answers: 1
Mathematics, 21.06.2019 18:20
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urgent! business math question!
Shazatul opened an account of RM 1500 for her daughter as a present...
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