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QUESTION 4 MQ-Saud wants to accumulate an amount of SR120,000 in today's money in his...

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QUESTION 4 MQ-Saud wants to accumulate an amount of SR120,000 in today's money in his bank account at end of year 12. The bank pays 9% interest compounded annually. The inflation rate is 4% annually. What equal 12 payments from year 1 to year 12 that result in the required balance? O SR 9.548 SR 6.582 O 6:7626

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