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Abau Stella Cons has just bought a house. She estimates that the roof will have to be renewed at a cost of sh. 800,000 after
Abau Stella Cons has just bought a house. She estimates that the roof will have to be renewed at a cost of sh. 800,000 after 10 years. To cover these costs, she intends to save an equal amount of money at the end of each year, earning 8% annual interest rate. How much is such a yearly annuity?
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