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Question 2 A small business operator, Ms Jane Saddy, needs R580 000 to buy a delivery van. She now has R200 000 in the bank

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Question 2 A small business operator, Ms Jane Saddy, needs R580 000 to buy a delivery van. She now has R200 000 in the bank earning interest of 1% per month. She can afford to save an additional R 1000 per month. How long will it take her to accumulate the R580 000 needed, all things remaining constant? Show all workings. (15 Points)

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