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Mathematics, 03.02.2021 14:00 jonallere04

Banabas must pay his ex-wife an amount of R350 000 in two years’ time. Calculate the amount that he must invest today to have this amount available, assuming that Bank X offered him an in interest rate of 8.15% per annum compounded monthly.

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Banabas must pay his ex-wife an amount of R350 000 in two years’ time. Calculate the amount that he...

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