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Assuming a bank approached you and offered that you made GHS500 deposit for 10 years and after the tenth year no more deposits are made.
Assuming a bank approached you and offered that you made GHS500 deposit for 10 years and after the tenth year no more deposits are made. Then 45 years after the first ten years, you or your beneficiaries will be paid GHS 75,000. Would you accept the offer if 15% interest rate is attributable to the first 20 years and the remaining years attributable interest rate is 17%?
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