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Q5: Adam bought a house. he estimates that the renewed cost for this house is 25,000 after 30 years. To cover these costs, he intends

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Q5: Adam bought a house. he estimates that the renewed cost for this house is 25,000 after 30 years. To cover these costs, he intends to save an equal amount of money at the end of each year, earning 7% annual interest rate. How much is such a yearly annuity? (4 Marks)

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