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The impact of COVID - 1 9 on the lives of many was a wake - up call to the need for savings. Many people

The impact of COVID-19 on the lives of many was a wake-up call to the need for savings. Many people lost jobs and sources of income. Saving for the unforeseen future is a measure that will likely curb the impact of such occurrences.
2.1. You have started saving for such challenging times by investing R3000 at the end of each month for five (5) years. If the interest on your investment is 9% per annum, how much should you have at the end of 5 years?

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