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A man wants to have R60 000 in six years' time, so he decides to invest a certain sum quarterly at 14% p.a. interest compounded
A man wants to have R60 000 in six years' time, so he decides to invest a certain sum quarterly at 14% p.a. interest compounded quarterly. He invests the first sum at the end of the first three months and the same sum every quarter thereafter. How much would the difference in the instalment have been if he paid the first instalment immediately
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