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Question 1 8 marks You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to

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Question 1 8 marks You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save R5 000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. Your expected annual return is 10%. Required: How much will you have for a down payment at the end of Year 3

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