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Rayah just turned 40 and decides to start saving towards his retirement in 20 years' time. His first payment is a payment of R6 500,
Rayah just turned 40 and decides to start saving towards his retirement in 20 years' time. His first payment is a payment of R6 500, after which he will increase the yearly payment each year by R1 700. If money is worth 10% per annum, the account after 20 years should be worth
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