Student Society Club has implemented a program to recycle all plastic drink cups used during the Annual UCSI Book's fair. Their goal is to generate RM3, 000 by annually in 5 years life of the recycle program's. Each recycled cup can be sold for RM0.02. How many cups must be recycled at the end of year to meet this goal? Assume the plastic cup usage at the end of year with the 1% interest rate and draw the cash flow diagram.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Student Society Club has implemented a program to recycle all plastic drink cups used
during the Annual UCSI Book's fair. Their goal is to generate RM3, 000 by annually
in 5 years life of the recycle program's. Each recycled cup can be sold for RM0.02.
How many cups must be recycled at the end of year to meet this goal? Assume the
plastic cup usage at the end of year with the 1% interest rate and draw the cash flow
diagram.
Transcribed Image Text:Student Society Club has implemented a program to recycle all plastic drink cups used during the Annual UCSI Book's fair. Their goal is to generate RM3, 000 by annually in 5 years life of the recycle program's. Each recycled cup can be sold for RM0.02. How many cups must be recycled at the end of year to meet this goal? Assume the plastic cup usage at the end of year with the 1% interest rate and draw the cash flow diagram.
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