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If you want to withdraw R 1 0 0 0 annually for the next nine years, and R 1 5 0 0 annually in the
If you want to withdraw R annually for the next nine years, and R annually in the three years thereafter with all payments occurring at the end of each year, determine the amount you should initially invest to fund your withdrawals given a rate of return of per annum. Round your answer to the nearest Rand
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