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2.3 A father would like to give his daughter a cash gift of N$ 20 000.00 on her 21st birthday in exactly four years' time.

2.3 A father would like to give his daughter a cash gift of N$ 20 000.00 on her 21st birthday in exactly four years' time. How much must be deposit today in a fixed deposit account that pays 9% p.a compounded monthly to reach this target?

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