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Q3) For an investment period of three years Mr X intends to save the following amounts: $2,000, $2,500, and $3,000, respectively, starting one year from

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Q3) For an investment period of three years Mr X intends to save the following amounts: $2,000, $2,500, and $3,000, respectively, starting one year from today. Yo as Mr X 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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