Benji's Vacation Ben plans to deposit RM235 per month into an account that pays 6.21% p.a. for the next 10 years. He wishes to go on a tour with the money accumulated in the account. 18 2 points How much will be accumulated in the account at the end of 10 years if the deposit is made at the beginning of every month? Type your answer... 19 2 points Calculate the equivalent amount of the deposits to be made today if the deposit is to be made at the end of the period. Type your answer...
Added by Jesse C.
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21% p.a. which is 6.21/12 = 0.5175% per month. Show more…
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