You are contributing money to an investment account so that you can purchase a house...
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You are contributing money to an investment account so that you can purchase a house in five years. You plan to contribute six payments of RM3,400 a year. The first payment will be made today (t = 0), and the final payment will be made five years from now (t = 5). If you earn 11.5 percent in your investment account, how much money will you have in the account five years from now (at t = 5)?
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