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a) The government deposits K400 000 into a saving and credit international institution investment scheme paying 60% annual interest compounded quarterly, how much money will

a) The government deposits K400 000 into a saving and credit international institution investment scheme paying 60% annual interest compounded quarterly, how much money will accrue after 5 years?

b) The government deposits K6500 into an investment scheme paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?

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