Q3. Before entering university three months ago, Ranjit's father invested RM 50000 at 8% compounded quarterly for him. Ranjit will withdraw the same amount every 3 months for four years starting from now. At the end of the fourth year, there will be zero balance. How much is the withdrawal amount?
Q3. Before entering university three months ago, Ranjit's father invested RM 50000 at 8% compounded quarterly for him. Ranjit will withdraw the same amount every 3 months for four years starting from now. At the end of the fourth year, there will be zero balance. How much is the withdrawal amount?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Q3. Before entering university three months ago, Ranjit's father invested RM 50000 at 8%
compounded quarterly for him. Ranjit will withdraw the same amount every 3 months for
four years starting from now. At the end of the fourth year, there will be zero balance. How
much is the withdrawal amount?
Q4. Joyce received a 90-day promissory note on 22 February 2020 with a simple interest rate
il2020 oha dircounts the note at 4% The proceeds she recerve
12.4
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