Salazar Stuart
06/11/2024 · Primary School

QUESTION 1 a) Axelrod deposited RM 22225.70 five years ago at a SCAM investment scheme that offered an interest rate of \( 10.2 \% \) compounded quarterly until the maturity date fifteen years from the day the deposit was made. Calculate the amount he should expect to be had in the account at the end of the investment period.

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Axelrod should expect to have approximately RM 49,105.57 in the account at the end of the investment period.

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