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You invest R12 000 annually (at the end of each year) for 5 successive years in a savings account at 7% per annum (interest is
You invest R12 000 annually (at the end of each year) for 5 successive years in a
savings account at 7% per annum (interest is compounded annually). At the end
of the fifth year you withdraw R9 008.87 and the balance is invested at 10% per
annum for 5 years. What will be the end value of the investment? (Round off to the
nearest two decimals).
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