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Roland needs $20,000 in 4 years' time. He has saved $1,000 to date. A 4-year term deposit pays 1.5% every 6 months. How much does

Roland needs $20,000 in 4 years' time. He has saved $1,000 to date. A 4-year term deposit pays 1.5% every 6 months. How much does he need to invest today to achieve his goal?

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