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QUESTION 4: 20 MARKS a) You father is planning to retire 34 years from now. He plans to invest R4 200 per year for the

QUESTION 4: 20 MARKS a) You father is planning to retire 34 years from now. He plans to invest R4 200 per year for the first 7 years, R6 900 per year for the following 11 years, and R14 500 per year for the last 16 years. If his investment pays 10% interest compounded semi- annually, determine how much his investment will be worth 34 years from now. (20 marks)

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