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Des and Loopy are best friends and decide to pool their monthly savings for one year and then invest their savings. Each earns a salary
Des and Loopy are best friends and decide to pool their monthly savings for one year and then invest their savings. Each earns a salary of R20 000 and they each commit to savings of 10% a month for the year. If they can earn an interest rate of 5,5%, what will the amount they invest be worth after 10 years? Complete the table below, type in the correct amount/percentages/compounding periods as may be required in required. Example
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