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Q) For an investment period of three years Mr X intends to save the following amounts: $2,000, 2009, and $3,000, respectively, starting one vear from

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Q) For an investment period of three years Mr X intends to save the following amounts: $2,000, 2009, and $3,000, respectively, starting one vear from today. You want to have as much money does three years from now but you plan to make one lump sum investment today. What amount must you save today if you both earn 4.65 annually? 4 Marks

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