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There is at present $5000 in a fund earning 2.4% p.a. compounded monthly. What deposit must be made in three years' time so that at

There is at present $5000 in a fund earning 2.4% p.a. compounded monthly. What deposit must be made in three years' time so that at the end of 7 years the fund will contain $10000? 15 marks

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