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Dembe received an amount of R 2 3 4 0 from the bank at a discount rate of 1 2 % per annum at the

Dembe received an amount of R

2 340

from the bank at a discount rate of

12 %

per annum at the beginning of September. The future value of the loan at the beginning of July the following year is

.

2 127, 27 .

. R 2600, 00

.

2 574, 00

. R 2106, 00

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