b) Starting from 1* October 2020 with a fresh bank account, Chong save RM25 into the bank account every month. A fixed interest of 0.5% is given on the last day of every month. Determine the date (the last day of a month after the interest is given) where he will be able to purchase a tablet worth of RM418.30 [Last days of the month] / month / year

b) Starting from 1* October 2020 with a fresh bank account, Chong save RM25 into the bank account every month. A fixed interest of 0.5% is given on the last day of every month. Determine the date (the last day of a month after the interest is given) where he will be able to purchase a tablet worth of RM418.30 [Last days of the month] / month / year

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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