Question
aziz is planning to attend college when she graduates from high school four years from now. she has made an arrangement with her father to
aziz is planning to attend college when she graduates from high school four years from now. she has made an arrangement with her father to do the household chores if her dad deposits R3570.00 at the end of every six months for the next four years in a bank account. the account pays 8.5% interest per annum, compounded semi-annually. her father pays additional R5550.00 into the account for every R3570.00 deposit he makes. the first deposit will be made six months from now. how much money will there be in the account for Aziz to pay for her college expenses?
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