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1. What is the annual sum that can be withdrawn over a 18-year period when R28 000 is invested at 6.3% nominal interest compounded quarterly?

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1. What is the annual sum that can be withdrawn over a 18-year period when R28 000 is invested at 6.3% nominal interest compounded quarterly? (10) 2. You are quoted a rate of 20% per annum compounded semi-annually. What is the equivalent continuous compounding rate

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