The Student Room Group

finance

How much money must be put into a bank account yielding 3.5% (compounded annually) in order to have RMI,250 at the end of 10 years (round to nearest RMI
A.RM921
B. RM886
c. RM843
D. RM798
You need to learn how to use the PMT function in excel....the answer is 886 with the long way round of working it out shown

.Screenshot 2024-04-26 005002.jpg
(edited 1 month ago)

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