PLEAE HELP ME > PLEAE SAFE ME Jesslyn has just given an insurance...
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PLEAE HELP ME > PLEAE SAFE ME
Jesslyn has just given an insurance company RM1 million, a sum of money she just received from her grandmother. In return, she will receive RM20,000 per quarter for 30 years, assuming that the first payment is at the beginning of the year. Calculate the annual interest rate the insurance company must invest the RM1 million to make the quarterly payments
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