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Mthobisi deposits R1 500 at the end of every month into an account that earns 1...
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Mthobisi deposits R1 500 at the end of every month into an account that earns 12,5% interest per year, compounded monthly. After two years, he stops making these monthly contributions because the interest rate changes to 15% per year, compounded every two months. If no withdrawals or deposits are made for four years the balance in the account will be
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