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How much should harith deposit each year

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Reference no: EM132939096

Problem 1: A firm is due to receive RM40.000 a year for the next six years and RM60.000 at the end of seventh year. If the discount rate is 8%, determine the present value of the amount to be received?

Problem 2: If Harith would like to accumulate RM 10,000 over the five (5) years, how much should Harith deposit each year given 7% annual payment.

Reference no: EM132939096

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