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Your house requires you to make 10,000 in capital expenditure in 5 years time. What are the annual savings required to obtain this sum if

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Your house requires you to make 10,000 in capital expenditure in 5 years time. What are the annual savings required to obtain this sum if you earn a 5% annual return on these savings? (Assume the fixed payments are in arrears). CA. 1,645 B. 1.810 C.E 2.000 DE 43.295

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