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Zeenith Ltd is estimating the cost of employment for its new employee, Mrs Saayman. The company expects Mrs Saayman to work for 3 0 years.

Zeenith Ltd is estimating the cost of employment for its new employee, Mrs Saayman. The company expects Mrs Saayman to work for

30

years. During this time, they wish to accumulate R

3 000 000

in her retirement fund. If the interest is

7 %

per year, how much should Zeenith Ltd put into the retirement fund at the end of each year to achieve this goal?

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