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Jacks Small Engines is aiming to accumulate R 9 8 0 0 0 0 for the purchase of new equipment, which is planned for five
Jacks Small Engines is aiming to accumulate R for the purchase of new equipment, which is planned for five years from now. Their strategy involves setting aside an equal sum of money on the first day of each quarter, starting today. The firm expects to earn a return on their savings. What is the quarterly savings amount that the firm needs to set aside to reach their financial goal?
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