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You open an account with some bank XYZ and the arrangement is that you deposit R5,500 today in order to receive R2,800 in exactly a
You open an account with some bank XYZ and the arrangement is that you deposit R5,500 today in order to receive R2,800 in exactly a years time and R4,500 in exactly two years time. How much money will be left in your account immediately after withdrawing R2,800 in a years time?
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