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Syariqul Haq is trying to save up for a big vacation. He plans to take a trip around Japan when he graduates in four years. If he can earn 8% return on investment semiannually, calculate the amount that he needs to deposit every year to have RM10,000 upon his graduation.

Syariqul Haq is trying to save up for a big vacation. He plans to take a trip around Japan when he graduates in four years. If he can earn 8% return on investment semiannually, calculate the amount that he needs to deposit every year to have RM10,000 upon his graduation.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Syariqul Haq is trying to save up for a big vacation. He plans to take a trip around Japan when he graduates in four years. If he can earn 8% return on investment semiannually, calculate the amount that he needs to deposit every year to have RM10,000 upon his graduation.

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