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Part D: Your cousin Lebo was approached to invest in a brilliant new investment product. She has was told that for just R5 000 today

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Part D: Your cousin Lebo was approached to invest in a brilliant new investment product. She has was told that for just R5 000 today she will receive a R500 annual payment for the rest of her life, and that after her death it will continue to be paid to her descendants. Assume required rate of return is 12% per annum. REQUIRED: Advise Lebo whether she should invest in this product or not? Support your argument with applicable calculations. Please Note: Round off to two decimal places. [3]

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