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Question 8 John intends to deposit a lump sum into a bank account today that will make it possible for him to withdraw R50cco at
Question 8 John intends to deposit a lump sum into a bank account today that will make it possible for him to withdraw R50cco at the end of every year for infinity. The bank account will earn 11% per year compounded annually. How much should be the lump sum today
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