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QUESTION 3 (10 Marks) You wish to travel to Europe in 5 years' time and you will need R 30 000 at the time. If

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QUESTION 3 (10 Marks) You wish to travel to Europe in 5 years' time and you will need R 30 000 at the time. If you have R 15 000, what interest rate must you earn each year to reach R 30 000 [Round off final answer to two decimal places)

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