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QUESTION 1 a. You received a GHC1.00 savings account earning 5% on your 1st Birthday. How much will you have in the account on your

QUESTION 1 a. You received a GHC1.00 savings account earning 5% on your 1st Birthday. How much will you have in the account on your 40th birthday if you dont withdraw any money before then?

b. How much will you invest today at 8% compounded annually to have GHC25,000 to buy a house in 4 years.

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