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Question 2.1 (4 marks 6 minutes) Basotho small scale farmers required capital injection that will pay an estimated revenue amount of R70 000 p.a for
Question 2.1 (4 marks 6 minutes) Basotho small scale farmers required capital injection that will pay an estimated revenue amount of R70 000 p.a for the next six years. The Land and Agricultural Development Bank of South Africa (Land Bank) offered the needed capital at an annual interest rate of 12%, compounded semi-annually. Calculate how much the borrower should invest to be able to pay the Land Bank
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