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question 1. Sarah plans to become a millionaire by the time she is 40 years old. She believes that she can beat the market and

question 1. Sarah plans to become a millionaire by the time she is 40 years old. She

believes that she can beat the market and can earn about 14.1 per cent per

annum from investing in equities. She has just turned 21 and she decides to

play the stock market. How much does she need to invest quarterly to achieve

her goal of 8,000,000?

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