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Emmerson invests N$100,000.00 on a monthly basis, at the end of each month at an interest rate of 8.5% compounded quarterly. a) How much will

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Emmerson invests N$100,000.00 on a monthly basis, at the end of each month at an interest rate of 8.5% compounded quarterly. a) How much will he have after 3.5 years? b) How much interest does he eam on a monthly basis? (Hint: Calculate the monthly average). (4)

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