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(a) Mr Lee wants his son to attend private university when he turns 18 years old

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(a) Mr Lee wants his son to attend private university when he turns 18 years old. To be able to study in private university, his son will need RM100'000. If Mr Lee is able to get an interest rates of 6% per annum for 18 years, how much money he needs to invest from now to pay the university 18 years later?

(b) If your salary increased by 6% per annum, how many years does it take to double your salary?