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necuve fare per atinum 3.5 It is the 1st January 2007. Leah decides to deposit R2 000 into a savings account at the end of
necuve fare per atinum 3.5 It is the 1st January 2007. Leah decides to deposit R2 000 into a savings account at the end of the year. At the end of 2008, she deposits double her first amount into the account. At the end of the 2009, she deposits double her second amount into the account. The interest rate for the first two years (2007-2008) is 9% per annum compounded monthly. The interest rate for the remaining two years (2009-2010) is 8% per annum compounded monthly. Calculate the value of her investment at the end of 2010. (5) 3.6 Joseph deposits Rx into a savings account. Two years later, he deposits a further R2x into the account. Three years after this, he deposits R3x into the account. The interest rate for the five years is 18% per annum compounded monthly. He receives R60 000 at the end of the five year period. Calculate the value of x (6) TOTAL [50]
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