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Q5: Perhaps your ambition is to buy a sailboat; something like a 40-foot Beneteau would fit the bill very well. But that means some serious

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Q5: Perhaps your ambition is to buy a sailboat; something like a 40-foot Beneteau would fit the bill very well. But that means some serious saving. You estimate that, once you start work, you could save $ 20,000 a year out of your income and earn a return of 8% on these savings. How much will you be able to spend after five years? (20 marks) Good Luck

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