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You plan to buy a house valued at GHC 45,000 five years from now. Interest rate on the market is expected to remain at 9%.

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You plan to buy a house valued at GHC 45,000 five years from now. Interest rate on the market is expected to remain at 9%. If you deposit GHC6,500 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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