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Jemima wishes to accumulate $200 000 to be used as a deposit on a house. She will make half-yearly deposits of $8 000 into a

Jemima wishes to accumulate $200 000 to be used as a deposit on a house. She will make half-yearly deposits of $8 000 into a fund earning interest at j12 = 6% p.a. Question 2 [2 marks] How many full deposits of $8 000 are required? a. 15 b. 16 c. 17 d. 18

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