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Question 1 Calculate the amount that would remain in an investment account after 3 years if you were to deposit R1500 every month starting

 

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Question 1 Calculate the amount that would remain in an investment account after 3 years if you were to deposit R1500 every month starting today, but would withdraw R750 at the end of every 12 month period. Interest is 14% compounded monthly. a) Draw a time line that depicts the cash flows as part of your working b) How much would be in the account before and after the last withdrawal? [3] [2]

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