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How much will have at the end of four years for kumar

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Problem 1. Amin buys a four-year certificate of deposit (CD) which pays an annual rate of interest of 5%. If he puts RM3,900.00 in the CD, how much will he have when it matures?

Problem 2. Kumar has deposited RM3,500 in bank account which pays 4% per year, and compounded monthly. How much will he have at the end of four years?

Reference no: EM132988363

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