BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
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An ordinary annuity was purchased 5 years ago. The annuity pays 8% compounded quarterly. The quarterly payments have been RM500. What is the total value of the annuity to date?
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RM12, 148.68
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RM2, 602.02
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RM2, 933.30
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RM22, 880.98
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Explanation:
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