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Rendi invested an amount of money in an account earning 13.88% interest per year, compounded weekly. After five years, this amount has accumulated to R50

Rendi invested an amount of money in an account earning 13.88% interest per year, compounded weekly. After five years, this amount has accumulated to R50 000. The amount that was invested initially is:

  1. 29 515.94
  2. 34 700.00
  3. 15 300.00
  4. 26 105.54
  5. 25 001.79

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