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Q3: Mr. Chong is 50 years old and has $55,000 outstanding on a mortgage and no other debt. Chong typically saves $5,000 in an Employees

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Q3: Mr. Chong is 50 years old and has $55,000 outstanding on a mortgage and no other debt. Chong typically saves $5,000 in an Employees Provident Fund (EPF) account and another $5,000 in a Private Retirement Scheme (PRS). Chong is most likely in the O (A) discovery phase O(B) accumulation phase O (C) consolidation phase O (D) spending phase

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