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You plan to buy a house valued at GH 45000 five years from now. Interest rate on the market is expected to remain at 10%.

You plan to buy a house valued at GH 45000 five years from now. Interest rate on the market is expected to remain at 10%. If you deposit GH6500 every year for 5years, in advance, will you meet your target? If not, how large must your deposits be at the same interest rate to meet your target?

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