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you have been approached by a sales rep from an insurance company that offers investment plans. they have two policies they are wondering if you

you have been approached by a sales rep from an insurance company that offers investment plans. they have two policies they are wondering if you would be interested in. the first one involves you depositing k550 every month for 5 years. this amount would earn interest at 11.5% calculate on based on the yearly amount contributed (i.e k550\times 12 months \times 11.5%) for 5 years. at the end of which you would receive your principal and interest. the second plan known as education policy involves depositing an amount of k630 per month for 5 years at the end of which you will receive a sum of k50000. Analyse the two investment plans. based on your analysis would you invest in either or both?

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