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Mighty Movie International is planning to save R2 million per year for five years. The first deposit, which is presently being made and all subsequent

Mighty Movie International is planning to save R2 million per year for five years. The first deposit, which is presently being made and all subsequent deposits, will earn interest at a 12% annual rate. 1.4.1 Calculate the future for this annuity if interest is compounded semi-annually. (2 Marks) 1.4.2 Calculate the future for this annuity if interest is compounded quarterly. (2 marks

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