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3. You deposit R10 000 in a bank account which is paying 4.8% per year, interest compounded annually. i. How much will you have accumulated

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3. You deposit R10 000 in a bank account which is paying 4.8% per year, interest compounded annually. i. How much will you have accumulated in the account in 5 years' time? (3 Marks) ii. What will you have accumulated if interest is compounded monthly

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