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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 R1000 annually for the next nine years, and R1500 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 7% per annum. Round your answer to the nearest Rand

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