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d) Mr Semenya got a deal to lend R60,000 today, and in return, he will receive 25 annual payments of R6,000 each. The annuity will

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d) Mr Semenya got a deal to lend R60,000 today, and in return, he will receive 25 annual payments of R6,000 each. The annuity will start five years from now, and the effective rate of interest will be 6%. Determine whether the deal is a feasible one for Mr Semenya

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