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QUESTION 7 USING INTEREST RATES IN BUSINESS (20 MARKS) Solve the following problems. Show all your calculations where applicable. 7.1. You want to make an

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QUESTION 7 USING INTEREST RATES IN BUSINESS (20 MARKS) Solve the following problems. Show all your calculations where applicable. 7.1. You want to make an investment at a bank at a simple interest rate of 9.75% per annum that will yield a future value of R66 000 after 9 years. Determine the principal to be invested

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