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How much should he save now

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Question - You have also gather that Mr Art has not set up any education plan for her daughter. He asked your help to set up the education plan for Mawar. He prefers Mawar to become statistician. From the survey, the cost of a four years Bachelor's Degree in statistic is at RM100,000, inclusive of living expenses. It is anticipated that the study cost will inflate at a rate of 5% per year. Art wishes to start saving for the education plan immediately. How much should he save now?

Reference no: EM133020922

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