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Masuku agrees to pay R250 at the beginning of each year for 15 years. If money is worth 421% p.a. find the value of the
Masuku agrees to pay R250 at the beginning of each year for 15 years. If money is worth 421% p.a. find the value of the remaining payments. If after making the down payment Masuku failed to make the next 4 payments, what would he have to pay when the next payment is due to bring himself back on schedule
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