You to buy a property and in twelve years. In order to do this, you intend to
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Question:
You to buy a property and in twelve years. In order to do this, you intend to save $10,000 per annum over the next six years starting in one year's time and then to increase the annual amount saved to $20,000 for the final six years. How much will you have saved by the time you want to buy the property if you can earn an after-tax return of 6.75% per annum?
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