Mr Liew and his wife have a total income of RM12 600 a month. They have three children and they would like to save an amount of RM250 000 for their childrens education in 15 years from now. What is the minimum amount they need to save every month for their education fund?

FINANCIAL MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Mr Liew and his wife have a total income of RM12 600 a month. They have three children and they would like to save an amount of RM250 000 for their children’s education in 15 years from now. What is the minimum amount they need to save every month for their education fund?

A	RM 1 360
B	RM 1 380
C	RM 1 400
D	RM 1 440

Explanation:

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FINANCIAL MANAGEMENT