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1. Suppose that R700 is invested at 12% interest for one year a) determine the future value if compound is semi-annually b) weekly 2.2 suppose

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1. Suppose that R700 is invested at 12% interest for one year a) determine the future value if compound is semi-annually b) weekly 2.2 suppose a savings account pays 9%, interest compounded every two months. What is effective interest rate 2.3 For how long should an initial deposit of R450.00 be left in a 7.9% savings account compounded monthly to grow to R2000.00

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