W wants to buy a new car for R200 000 in 4 years' time. He has saved

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W wants to buy a new car for R200 000 in 4 years' time. He has saved R15 000 up to this point in time. How much money would he have to save each year towards buying a car, assuming a 10% interest per annum?
A.R47 826
B.R38 362
C.R46 250
D.R43 094

Posted Date: Jun 18, 2024 06:13 PM

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